{"id":3100,"date":"2021-03-24T15:21:26","date_gmt":"2021-03-24T19:21:26","guid":{"rendered":"https:\/\/rockonthemoney.com\/?post_type=podcast&#038;p=3100"},"modified":"2021-03-24T15:21:27","modified_gmt":"2021-03-24T19:21:27","slug":"ep118-the-sure-fire-way-to-make-money-grow-favorite-book-recommendations-how-to-budget-for-a-new-car","status":"publish","type":"podcast","link":"https:\/\/netcast.one\/rotm2\/podcast\/ep118-the-sure-fire-way-to-make-money-grow-favorite-book-recommendations-how-to-budget-for-a-new-car\/","title":{"rendered":"EP118 &#8211; The sure fire way to make money grow; Favorite book recommendations; How to budget for a new car"},"content":{"rendered":"\n<p id=\"block-9faeb8b3-489f-40c7-a8d0-ac0de0013689\">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><br>I&#8217;m thinking about putting some money into Vanguard or Fidelity. Is this a good time to do it with the market so high?<\/p>\n\n\n\n<p><strong>QUESTION 2<\/strong><br>Books recommendation and suggestions for financial freedom literacy.<\/p>\n\n\n\n<p><strong>QUESTION 3<\/strong><br>If someone with no knowledge of investing approached you and asked you for one sure fire way to help make their money grow, what would you tell them? There are many things to invest in, but what are dependable ones.<\/p>\n\n\n\n<p><strong>QUESTION 4<\/strong><br>Fidelity or Vanguard for a Roth IRA invested into the S&amp;P 500?<\/p>\n\n\n\n<p><strong>QUESTION 5<\/strong><br>Hey guys, I&#8217;m in a unique situation where I don&#8217;t have\/need a car, don&#8217;t pay rent, NO DEBT,\u00a0 my only fixed bills are cell phone ($30) and YouTube ($12) per month, and I make close to 6 figures after taxes. I want to start saving money to invest, but I&#8217;m kind of at a loss on how much I should be spending on groceries, entertainment, hygiene, etc. and without a defined budget I find myself spending large on restaurants and other activities. Any advice or resources on what a realistic budget should look like in my situation?<\/p>\n\n\n\n<p><strong>QUESTION 6<\/strong><br>I have probably a pretty dumb question but I wanted to get some other perspectives.\u00a0 The last several years, we have been putting $1400\/month into a savings account at our bank.\u00a0 The main purpose of the funds are to be used every 4 or 5 years to purchase a new vehicle.\u00a0 My question is whether it would be better to invest this money into a mutual fund or something instead of putting in a savings account with basically earns pennies.<\/p>\n\n\n\n<p id=\"block-5ce16e1e-1640-49c0-b1cf-d59b0b77ae10\">**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-c30f465f-4e18-4af2-bfbc-3515c1ceaab5\"><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-46553e9c-4c9a-447c-8f7c-a73c9737bd1a\"><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-57e58f46-7d33-42ea-aabe-0cc1998c9eed\"><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-aa900f9b-9f66-403b-aca2-b2b0006ed883\"><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 1I&#8217;m thinking about putting some money into Vanguard or Fidelity. Is this a good time to do it with the market so high? [&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\/03\/ROTM-EP118.mp3","cover_image":"","cover_image_id":"","duration":"29:57","filesize":"29 MB","date_recorded":"23-03-2021","explicit":"","block":"","itunes_episode_number":"118","itunes_title":"The sure fire way to make money grow; Favorite book recommendations; How to budget for a new car","itunes_season_number":"","itunes_episode_type":"full","filesize_raw":"30072003"},"tags":[105,123,167,168,205],"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\/3100\/ep118-the-sure-fire-way-to-make-money-grow-favorite-book-recommendations-how-to-budget-for-a-new-car.mp3","player_link":"https:\/\/dts.podtrac.com\/redirect.mp3\/netcast.one\/rotm2\/podcast-player\/3100\/ep118-the-sure-fire-way-to-make-money-grow-favorite-book-recommendations-how-to-budget-for-a-new-car.mp3","audio_player":"<!--[if lt IE 9]><script>document.createElement('audio');<\/script><![endif]-->\n<audio class=\"wp-audio-shortcode\" id=\"audio-3100-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/dts.podtrac.com\/redirect.mp3\/netcast.one\/rotm2\/podcast-player\/3100\/ep118-the-sure-fire-way-to-make-money-grow-favorite-book-recommendations-how-to-budget-for-a-new-car.mp3?_=1\" \/><a href=\"https:\/\/dts.podtrac.com\/redirect.mp3\/netcast.one\/rotm2\/podcast-player\/3100\/ep118-the-sure-fire-way-to-make-money-grow-favorite-book-recommendations-how-to-budget-for-a-new-car.mp3\">https:\/\/dts.podtrac.com\/redirect.mp3\/netcast.one\/rotm2\/podcast-player\/3100\/ep118-the-sure-fire-way-to-make-money-grow-favorite-book-recommendations-how-to-budget-for-a-new-car.mp3<\/a><\/audio>","episode_data":{"playerMode":"dark","subscribeUrls":[],"rssFeedUrl":"https:\/\/netcast.one\/rotm2\/feed\/podcast\/rockonthemoney","embedCode":"<blockquote class=\"wp-embedded-content\" data-secret=\"uXnXPS4oeU\"><a href=\"https:\/\/netcast.one\/rotm2\/podcast\/ep118-the-sure-fire-way-to-make-money-grow-favorite-book-recommendations-how-to-budget-for-a-new-car\/\">EP118 &#8211; The sure fire way to make money grow; Favorite book recommendations; How to budget for a new car<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/netcast.one\/rotm2\/podcast\/ep118-the-sure-fire-way-to-make-money-grow-favorite-book-recommendations-how-to-budget-for-a-new-car\/embed\/#?secret=uXnXPS4oeU\" width=\"500\" height=\"350\" title=\"&#8220;EP118 &#8211; The sure fire way to make money grow; Favorite book recommendations; How to budget for a new car&#8221; &#8212; Rock on the Money\" data-secret=\"uXnXPS4oeU\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! 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