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Listen to Johnson Brunetti's Money Wisdom with Joel Johnson CFP®, host of Better Money Television program and Forbes Contributor. Gain true financial wisdom and advice aimed at educating you about all of your financial options when it comes to retirement so you can make the best decisions for you and your family. Get information and education that can bring you peace of mind with your savings and retirement. Whether it’s your 401k account, IRA, or an underperforming asset, Joel Johnson can answer your questions and make you more aware of issues that may affect you.

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  1. All Episodes
  2. Things That Don’t Make Financial Sense

Things That Don’t Make Financial Sense

Mar 26, 2021

Sometimes we make decisions that just don’t add up. It happens all the time in the financial world as well, and it leaves us scratching our head. Today we’ll look at some examples of things we see in financial planning that don’t make sense and tell you what options you should be considering instead.

 

Read more and get additional financial resources here: https://johnsonbrunetti.com/podcast-episode-193-things-that-dont-make-financial-sense/ 

 

What we discuss on this episode: 

1:10 – Joel’s money stuck in PayPal  

3:07 – Things that don’t make sense: Driving across town to save a small amount

4:56 – Tax-free municipal bonds inside an IRA

5:55 – Living in a house that’s worth $200,000 while driving a $50,000 car

7:04 – Having the money to pay off your house but don’t because mortgage interest is the only write-off you have  

9:45 – Keeping a lot of money in the bank just for security