Episode #467

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: https://biggerpockets.com/moneyquestion?utm_source=youtube&utm_medium=description&utm_campaign=none

Get $25 for Using Innago’s FREE Property Management Software: https://innago.com/biggerpockets

Show Notes at:
https://www.biggerpockets.com/blog/money-467?utm_source=youtube&utm_medium=description&utm_campaign=none
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What to Do Before You Quit the High-Pay & Benefits of Corporate World: https://www.biggerpockets.com/blog/money-305?utm_source=youtube&utm_medium=description&utm_campaign=none
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Finance Friday: I Want to Cash Out My 401k Early, Should I?: https://www.biggerpockets.com/blog/biggerpockets-money-podcast-246?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Kyle:
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Website: https://www.kylemast.com/
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Connect with Mindy on BiggerPockets: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none


00:00 Intro

01:08 Money Moment

03:46 401(k) Investment Strategies

10:13 First-Time Landlord Problems

17:34 Should I Leave My Job?

22:34 Who Pays for Tax Errors?

29:42 Investing vs. Paying Off Debt

33:28 Send Us Your Question!