{"id":3069,"date":"2021-02-09T20:28:03","date_gmt":"2021-02-10T00:28:03","guid":{"rendered":"https:\/\/rockonthemoney.com\/?post_type=podcast&#038;p=3069"},"modified":"2021-02-09T20:28:04","modified_gmt":"2021-02-10T00:28:04","slug":"ep110-how-do-you-fix-stupid-broke-19-year-old-trying-to-fit-in-why-the-snowball-method-works-schwab-slices-a-good-idea-for-investing","status":"publish","type":"podcast","link":"https:\/\/netcast.one\/rotm2\/podcast\/ep110-how-do-you-fix-stupid-broke-19-year-old-trying-to-fit-in-why-the-snowball-method-works-schwab-slices-a-good-idea-for-investing\/","title":{"rendered":"EP110 &#8211; How do you fix stupid?; Broke 19 year old trying to fit in; Why the Snowball Method works; Schwab slices a good idea for investing?"},"content":{"rendered":"\n<p>We have a great lineup of your social media questions. We have received so many positive comments about these episodes. If you have a question for us please email to podcast@rocklandusa.com<\/p>\n\n\n\n<p><strong>QUESTION 1<\/strong><strong><br><\/strong>How do you try to overcome stupid in others lives!? I just want to fix it before it&#8217;s as as much as burden as it was in my life!<\/p>\n\n\n\n<p><strong><br><\/strong><strong>QUESTION 2<\/strong><strong><br><\/strong>Hey everyone, so I am 19 and have a truck loan ($13k remaining) and being young and trying to &#8220;fit in&#8221; with the crowd, I make spontaneous purchases to try and make my truck look better. Long story short I just bought wheels and tires and now I don&#8217;t know how i can afford all of my monthly bills and I need advice. My grandmother is in here and has been telling me about everything I need to change and I listen but I don&#8217;t at the same time. Should I sell the truck and find something cheaper and invest some as well? Any and all advice is greatly appreciated.<\/p>\n\n\n\n<p><strong><br><\/strong><strong>QUESTION 3<\/strong><strong><br><\/strong>I am an extremely rationale person. Therefore, I have really difficulties to believe\/ understand the snowball concept instead of rationally attacking highest interest loans first. So why should I?<\/p>\n\n\n\n<p><strong>QUESTION 4<br><\/strong>Any advice for good used cars? I want to start my snowball but im scared.<\/p>\n\n\n\n<p><strong><br><\/strong><strong>QUESTION 5<\/strong><strong><br><\/strong>I just recieved an email from my 401k provider that stated any employee making 130k+ gross income is considered an HCE (highly compensated employee), therefore they were reducing my 401k limits to only allowing me to contribute 4% in my 401k? Is this legal, has anyone else seen this?&nbsp;<\/p>\n\n\n\n<p><strong><br>QUESTION 6<\/strong><br>I listen to your podcast. I recently signed up at Schwab. I know you both don&#8217;t recommend individual stocks. However, at Schwab they have a piece of the pie option if you will, where you can buy a part of a share of bigger companies as low as<a href=\"https:\/\/www.facebook.com\/rockonthemoney\/inbox?cquick=jsc_c_7dh&amp;cquick_token=AQ4vhJh6OcGTe_plYMc&amp;ctarget=https%3A%2F%2Fwww.facebook.com&amp;mailbox_id=111569416982205&amp;selected_item_id=1652050323#\"> $5<\/a>. Your thoughts?\u00a0\u00a0<\/p>\n\n\n\n<p id=\"block-495d95ff-0001-4094-a36c-1f862a31b87a\">**This post may contain affiliate links, and we may be compensated if you make a purchase after clicking on the affiliate and\/or partner links.<\/p>\n\n\n\n<p id=\"block-68c73f71-9f43-44b7-9e36-85b6e0e876e8\"><strong>Sponsored by Choice Realty Connect :<\/strong><a href=\"https:\/\/choicerealtyconnect.com\/\"><strong> https:\/\/choicerealtyconnect.com\/<\/strong><\/a> when you are wanting to buy or sell a home, condo or any type of property. Trust Amanda to help match you with up to 3 top agents in your area.<\/p>\n\n\n\n<p id=\"block-2d1e1fc1-c666-4ec9-9be9-f3df91e8665a\"><strong>BESTOW &#8211; Fast, Free Quote on affordable online term life insurance. No exam, no waiting, no hassles: <\/strong><a href=\"https:\/\/tinyurl.com\/y79pywmw\"><strong>https:\/\/tinyurl.com\/y79pywmw<\/strong><\/a><\/p>\n\n\n\n<p id=\"block-41eb90c9-3a9f-4ef1-a67e-7ec17c4d8ee3\"><strong>WEBULL &#8211; Get 1 FREE stock valued up to $1,200 here<\/strong>: <a href=\"https:\/\/act.webull.com\/kol-us\/share.html?hl=en&amp;inviteCode=HvpbX35EsVmn\"><strong>https:\/\/act.webull.com\/kol-us\/share.html?hl=en&amp;inviteCode=HvpbX35EsVmn<\/strong><\/a><\/p>\n\n\n\n<p id=\"block-8ceb106a-518f-4db8-b499-81192304ddc8\"><strong>Website: <\/strong><a href=\"https:\/\/netcast.one\/rotm2\/\"><strong>https:\/\/netcast.one\/rotm2\/<\/strong><\/a><br><strong>Subscribe to the podcast &#8211; all links located here: <\/strong><a href=\"https:\/\/linktr.ee\/rocklandusa\"><strong>https:\/\/linktr.ee\/rocklandusa<\/strong><\/a><br><strong>Call us with your questions : 989-888-ROCK (7625)<\/strong><br><strong>Facebook Group: <\/strong><a href=\"https:\/\/www.facebook.com\/groups\/your401k\/\"><strong>https:\/\/www.facebook.com\/groups\/your401k\/<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We have a great lineup of your social media questions. We have received so many positive comments about these episodes. If you have a question for us please email to podcast@rocklandusa.com QUESTION 1How do you try to overcome stupid in others lives!? I just want to fix it before it&#8217;s as as much as burden [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2794,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"episode_type":"audio","audio_file":"https:\/\/netcast.one\/rotm2\/wp-content\/uploads\/2021\/02\/ROTM-ep110-2.mp3","cover_image":"","cover_image_id":"","duration":"27:19","filesize":"26 MB","date_recorded":"09-02-2021","explicit":"","block":"","itunes_episode_number":"110","itunes_title":"How do you fix stupid?; Broke 19 year old trying to fit in; Why the Snowball Method works; Schwab slices a good idea for investing?","itunes_season_number":"","itunes_episode_type":"full","filesize_raw":"27540312"},"tags":[105,142,329,168,227],"series":[234],"coauthors":[284],"episode_featured_image":"https:\/\/netcast.one\/rotm2\/wp-content\/uploads\/2020\/07\/ROTM-EP60-mp3-image.jpg","episode_player_image":"https:\/\/netcast.one\/rotm2\/wp-content\/uploads\/2020\/04\/album-rockonthemoney1410-10.jpg","download_link":"https:\/\/dts.podtrac.com\/redirect.mp3\/netcast.one\/rotm2\/podcast-download\/3069\/ep110-how-do-you-fix-stupid-broke-19-year-old-trying-to-fit-in-why-the-snowball-method-works-schwab-slices-a-good-idea-for-investing.mp3","player_link":"https:\/\/dts.podtrac.com\/redirect.mp3\/netcast.one\/rotm2\/podcast-player\/3069\/ep110-how-do-you-fix-stupid-broke-19-year-old-trying-to-fit-in-why-the-snowball-method-works-schwab-slices-a-good-idea-for-investing.mp3","audio_player":"<!--[if lt IE 9]><script>document.createElement('audio');<\/script><![endif]-->\n<audio class=\"wp-audio-shortcode\" id=\"audio-3069-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/dts.podtrac.com\/redirect.mp3\/netcast.one\/rotm2\/podcast-player\/3069\/ep110-how-do-you-fix-stupid-broke-19-year-old-trying-to-fit-in-why-the-snowball-method-works-schwab-slices-a-good-idea-for-investing.mp3?_=1\" \/><a href=\"https:\/\/dts.podtrac.com\/redirect.mp3\/netcast.one\/rotm2\/podcast-player\/3069\/ep110-how-do-you-fix-stupid-broke-19-year-old-trying-to-fit-in-why-the-snowball-method-works-schwab-slices-a-good-idea-for-investing.mp3\">https:\/\/dts.podtrac.com\/redirect.mp3\/netcast.one\/rotm2\/podcast-player\/3069\/ep110-how-do-you-fix-stupid-broke-19-year-old-trying-to-fit-in-why-the-snowball-method-works-schwab-slices-a-good-idea-for-investing.mp3<\/a><\/audio>","episode_data":{"playerMode":"dark","subscribeUrls":[],"rssFeedUrl":"https:\/\/netcast.one\/rotm2\/feed\/podcast\/rockonthemoney","embedCode":"<blockquote class=\"wp-embedded-content\" data-secret=\"d38kV7NJ01\"><a href=\"https:\/\/netcast.one\/rotm2\/podcast\/ep110-how-do-you-fix-stupid-broke-19-year-old-trying-to-fit-in-why-the-snowball-method-works-schwab-slices-a-good-idea-for-investing\/\">EP110 &#8211; How do you fix stupid?; Broke 19 year old trying to fit in; Why the Snowball Method works; Schwab slices a good idea for investing?<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/netcast.one\/rotm2\/podcast\/ep110-how-do-you-fix-stupid-broke-19-year-old-trying-to-fit-in-why-the-snowball-method-works-schwab-slices-a-good-idea-for-investing\/embed\/#?secret=d38kV7NJ01\" width=\"500\" height=\"350\" title=\"&#8220;EP110 &#8211; How do you fix stupid?; Broke 19 year old trying to fit in; Why the Snowball Method works; Schwab slices a good idea for investing?&#8221; &#8212; Rock on the Money\" data-secret=\"d38kV7NJ01\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! 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