BuildingBread

Not everyone with credit card debt has an overspending problem. In some cases, it was because of a layoff and because the emergency savings ran out.

But details matter, and that's why I said that a 0% interest card can make a lot of sense for paying down your debt rather than pausing your 401(k).

It does not work for every situation, but for some, knocking down the debt within that 0% period can be a game-changer, and you may still be able to invest in the process.

You deserve advice that actually fits you. Let's talk: www.buildingbread.com/callkev

There are stocks like Micron and Nvidia that have blown index funds out of the water, but whether you should take on that risk depends on who you are.

This is RISK TOLERANCE.

Not everyone is built for that type of ride. Micron lost 46% in 2022. Would you have kept buying, or would that have crashed your entire portfolio?

Those are the details that matter.

Not sure what's best or if you should have a mix? Let’s schedule a call at BuildingBread.com/freecall

Who did I find this time?

I get the concern, but you don't want to let your panic do your planning.

There are several ways to invest with index funds to dilute SpaceX if you're that concerned.

I am happy to help for free at BuildingBread.com/callkev

Now you do the math and tell me what was wrong? Dave told her NOT to put money in her 401(k) and pay off her debt in 6 months.

But here is the thing: The math didn't add up.

After taxes, she would get about $6K. The debt was $23K. In no world does that pay off the debt in 6 months. It would take YEARS. And she was already in her 50s.

You and your money deserve better advice: www.buildingbread.com/callkev

I was on the Charles Schwab Network a few weeks ago, and my tip to investors was this: You don't have to buy every new and hyped thing on the market to make money.

The old, boring basics still work.