Next Level Finance: College Saving and Mortgage Payoff (with Matt Miner)

Next Level Finance: College Saving & Mortgage Payoff (with Matt Miner)

You’ve been spending less money than you make, build up your emergency fund. You’re saving for retirement. Now what? What are the next steps you should take with your money to get to the next level? That’s what today’s show is about.  Matt Miner is back for part three of my back to basics series. Matt is a fee-only, fiduciary advisor with PLC Wealth Management providing financial planning to families and individuals making super-important life decisions.  In part one of the series, Matt and I talked about budgeting and money management basics in episode 81. Last week we talked about salary and benefits in episode 82. This week Matt shares advice on taking your money to the next level by doing things like college saving and mortgage payoff to build a better quality of life. 

College Saving & Mortgage Payoff Episode Details

  • Rules of thumb for savings for your children’s education
  • The ways you can save for higher education
  • Financial impacts of school selection
  • The best 529 plans for saving
  • Alternative education saving methods
  • The differences between education saving accounts and 529 plans
  • How and why to pay off your mortgage
  • How to plan to pay off your mortgage
  • Things to watch out for when paying off your mortgage
  • Improving your quality of life on the cheap
  • Where to save money
  • The importance of reviewing your net worth

Next Level Finance: College Saving & Mortgage Payoff Resources

Thank You for Podcast Reviews!

I appreciate your review of The Military Money Show on iTunes, Google Play, TuneIn, iHeart Radio and Stitcher. It helps me make the podcast better and better. Plus it helps other people find me.

Connect 

Disclosure These notes may contain links to our affiliate products or services which means I might get compensation when you click or buy. That said, I’m only going to put affiliate links that are in line with our podcast discussion.

Related Podcast

A breakdown of what the federal funds rate is, who sets it, and most importantly, why you should care about it.
What You Should Know About the Federal Funds Rate

Not everyone tracks the state of the economy, but when the news reports that it’s taking a nosedive, that usually gets people's attention. There is one thing at the heart of our economy that can help you have a better understanding of how it all works, and that’s the federal.
Investing wisely is a centerpiece for building wealth and reaching financial goals. Here are the fundamentals of investing.
Back to the Basics: Investing Fundamentals

You’ve heard me and every other financial person say it before: Spend less than you make and save. It’s a fundamental of personal finance, but then what? Once you've done the savings part, what are your next steps with the money? Today’s the fifth and final episode of my "Back.
Learn the basics of the Thrift Savings Plan (TSP): investment choices, managing your account, and maximizing your retirement savings.
Thrift Savings Plan Basics for Service Members

There will always be a new trend everyone is talking about. Money included. Go anywhere on social media, Instagram, or TikTok, and there is a money trend. All that noise can make it easy to get caught up in trying to keep up instead of being focused on what is.