Encore Hustle+Followjust learned how these retirement accounts work 😌I used to avoid anything with “401k” or “IRA” in it—felt too complicated. But it finally clicked. A 401k is offered by your job (and sometimes comes with free money via matching 🙌), while a Roth IRA is something you open on your own. The big difference? Roth = pay taxes now, withdraw tax-free later. Traditional = no taxes now, but pay later when you retire. Also found out about “vesting”—basically, you need to stay with a company for a few years to keep their match. Not financial advice, but this helped me stop feeling overwhelmed. Anyone else learning this stuff a little late? #personalfinance #retirementready #401k #rothira70Share
James Cook+Followdave ramsey on why credit scores aren't vitalDave Ramsey says you don’t need a credit score, and while he’s got a point, there are things to consider. Credit scores can ease rentals, loans, and even job hunts. But if you can stay debt-free and responsible with a cash-back card, you might just win both ways. 💸 #PersonalFinance #CreditScore #DebtFree #Finance40Share
Elizabeth Lewis+FollowShould I Make a Big Money Move Now?Feeling stuck about making a big financial decision? You're not alone! With the economy throwing curveballs left and right—think wild stock market swings, job jitters, and housing FOMO—experts say now might not be the best time to make major moves like switching jobs or buying a house. The vibe? Wait it out if you can, but if you must act, keep a safety cushion handy. Sometimes, doing nothing is the smartest money move! #MoneyTalk #PersonalFinance #LifeHacks #Business #Market00Share
Brian Sanchez+FollowHome Equity Loan or HELOC: What’s Smarter?Thinking about tapping your home for cash? Right now, whether you grab a $100K lump sum (home equity loan) or open a $100K line of credit (HELOC), your monthly payments are nearly the same—just a couple bucks apart. But here’s the twist: HELOC rates can drop if interest rates fall, so you might save more down the road without refinancing. Plus, HELOCs work more like a credit card, so you only pay interest on what you use. If you’re eyeing a big project or want flexibility, HELOCs could be your move—just watch those rates! #HomeEquity #MoneyHacks #PersonalFinance #RealEstate00Share
Diane Carter+FollowWhat If Everyone Got $471K Overnight?Imagine waking up and finding $471,000 in your bank account—along with every other American. That’s what would happen if all U.S. wealth was split evenly. People would rush to pay off debt, buy homes, and splurge, but prices would probably skyrocket fast. Poverty could disappear overnight, but the cost of everything might go up just as quickly. Even with a fresh start, some folks would still find ways to get richer, while others might blow through their windfall. Turns out, money habits matter more than you think! #MoneyTalk #WealthGap #PersonalFinance #Business #MakeMoney100Share
Robyn Anderson+FollowHow to Snag 5%+ on Your SavingsHeads up: if your cash is chilling in a regular savings account, you might be missing out. Online banks are still offering juicy rates—up to 5.84%—while the old-school banks are barely paying anything. The catch? You might need to park a bigger chunk of change or join a credit union. But if you’re just letting your money nap, why not let it work a little harder for you? #MoneyHacks #SavingsGoals #PersonalFinance00Share
Willie Morales+FollowCD or High-Yield Savings? $20k DilemmaGot $20k sitting around? Here’s the scoop: CDs and high-yield savings accounts are both offering sweet interest rates right now, but there’s a catch. CDs lock in your rate (and your cash) for a set time, so you can’t touch it without a penalty. High-yield savings accounts let you dip in anytime, but their rates could drop soon if the Fed cuts rates. If you want flexibility, go savings. If you want a guaranteed return, CD’s your friend. Either way, don’t let your money snooze in a regular savings account! #MoneyMoves #SavingsHacks #PersonalFinance #Business #MakeMoney00Share
Joseph Livingston+FollowWhy $10K in Savings Feels Like a SuperpowerEver wonder when money finally feels like it’s working for you? Ramit Sethi says it’s not when you hit $100K or a million—it’s when you stash away your first $10,000. That’s the moment you go from stressing over every bill to feeling like you can actually breathe. Suddenly, surprise expenses don’t wreck your week, and you start thinking about growing your cash instead of just surviving. But heads up: hitting $10K isn’t a magic fix—your habits and mindset still matter more than the number. #MoneyMindset #PersonalFinance #SavingsGoals #Business #MakeMoney10Share
Diane Carter+FollowWhy Your Bank Balance Lies to YouEver checked your bank app and thought, "Hey, I’m richer than I thought!"? Don’t fall for it. That number doesn’t always tell the full story—pending charges, surprise auto-payments, and even tech glitches can throw your balance off. A lot of folks have been burned by overdraft fees or missed bills because they trusted the app. Pro tip: always keep your own running tally, especially if you’re living close to the edge. Your wallet will thank you! #MoneyHacks #PersonalFinance #BankingTips #Business #MakeMoney10Share
James Cook+FollowCan $1.4M Really Buy You a Chill Retirement?Ever wonder if your nest egg is big enough to retire and still enjoy life? Shaun and his wife have $1.4M saved and want to spend $7k a month after retiring at 62. Good news: with Social Security and smart withdrawals, their plan looks solid! The catch? Claiming Social Security early means smaller checks, so waiting a bit could pay off. Pro tip: Play with your withdrawal order and consider Roth conversions to save on taxes. Retirement math isn’t just for spreadsheets—it's about making your money last for more beach days! #RetirementPlanning #MoneyHacks #PersonalFinance #Finance11Share
