467: Switching Jobs, Becoming a Landlord, and Investing vs. Paying Off Debt
1Description
Switching jobs is a HUGE career decision that impacts not only your finances but also your schedule, quality of life, and more. When is changing jobs the right move, and what are the different factors at play? Today, our hosts will show you what to do when faced with such a big decision!
Welcome back to the BiggerPockets Money podcast! In this episode, Mindy and Kyle are fielding some of your top questions. In addition to changing jobs, they discuss 401(k) investing strategies—including how to handle accounts from previous employers and how to set up your own solo 401(k)! They also talk about what to expect as a first-time landlord and all of the different tax benefits and liabilities that come along with the job. Plus, what you should do if your tax professional makes a dreaded error.
Finally, they offer some timely investing advice that will help you navigate the current economic climate. Amidst inflation and high mortgage rates, should you invest in the stock market, pay off your debts, or go another route entirely? Stay tuned to find out!
If you want Mindy and Kyle to answer a money question, you can submit a question here or post it in the Money Facebook Group!
In This Episode We Cover
Leaving your job for a higher-paying one (and when it’s best to stay put!)
How to handle your old 401(k) accounts and set up a solo 401(k)
Tax benefits and liabilities you MUST know as a first-time landlord
What to do when your tax professional makes a COSTLY error
Investing in the stock market versus paying off debt (and how to get the best rate of return)
And So Much More!
Links from the Show
BiggerPockets Money Facebook Group
Finance Review Guest Onboarding
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
What to Do Before You Quit the High-Pay & Benefits of Corporate World
Finance Friday: I Want to Cash Out My 401k Early, Should I?
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-467
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