Episode #444

Financial advisors are supposed to look after your money, but sometimes, their profits come first. We’ve had many questions about which type of financial advisors to use, which aren’t worth the fee, and whether you even need one in the first place. On this Finance Friday episode, Mindy and Scott are taking questions directly from listeners like you, and one of the top ones finally answers the question: what are these “fees” financial advisors are charging me!?

You’ve got money questions. Scott and Mindy have answers. In this episode, they’ll touch on topics like which type of financial advisor to hire, whether cashing out your 401(k) early is ever worth it, what to do when your bank messed up your interest rate, when (and when not) to use LLCs for real estate investing, and how to start investing in stocks when you’ve only got $1,000!

Got a money question you want to ask Mindy and Scott? Head over to the BiggerPockets Money Facebook group, or head here to submit your question for our next Q&A episode: https://www.biggerpockets.com/moneyquestion?utm_source=youtube&utm_medium=description&utm_campaign=none

Show Notes at:
https://www.biggerpockets.com/blog/money-444?utm_source=youtube&utm_medium=description&utm_campaign=none
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The Simple Path to Wealth—Index Funds Explained with JL Collins:
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00:00 Intro

00:56 Money Moment

02:10 Financial Advisor Fees

06:56 Withdrawing Early from a 401(k)

11:14 My Bank Messed Up My Rate!

13:32 When You NEED an LLC

22:48 When to Cash-Out Home Equity

25:28 How to Start Investing in Stocks

32:43 Episode Correction!

33:28 Send Us Your Question!