There are many different places to put your money to ensure you build wealth. But with all these options, how do you know which one to pick? How do you know which ones to prioritize over others? Today, we're giving you a roadmap on how to invest your hard-earned dollars. You don't want to miss it.
Key Topics:
- #1: Creating a Base Cash Reserve in Your Checking Account (01:34)
- #2: Taking Advantage of Your 401(k) Match (02:10)
- #3: Establishing an Emergency Fund (03:06)
- #4: Paying off High-Interest Debt (03:44)
- #5: Maxing Out Your 401(k) (06:03)
- #6: Maxing Out Your HSA (07:19)
- #7: Contributing Directly to a Roth IRA (08:44)
- #8: Have Money Available for Non-Retirement Goals (10:24)
- #9: Take Advantage of the Mega Backdoor Roth (13:01)
- #10: Take Advantage of Your ESPP (Employee Stock Purchase Plan) (14:23)
- #11: Put the Remaining Cash in Your Brokerage Account (16:44)
- This Savings Plan in Action (17:18)
This Episode is intended to be financial education only and is not intended to be specific tax, legal, or investment advice. Please consult a professional for specific advice.
Podcast Episode: Employee Stock Purchase Plans (ESPPs) 101 - Taxes, Benefits & More
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If you need specific advice you can contact us at Advice@mdrnwealth.com or at: https://www.mdrnwealth.com
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