My 2025 Money and Investing Plan
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- Опубліковано 3 лют 2025
- The retirement planning software I personally use to make sure I'm on track with saving for retirement. It's perfect for "Do it yourself" investors: bit.ly/3EAAhrJ
Investing at all time highs: • Buying $36k of Index F...
Biggest HSA Mistakes to Avoid: • The $29,000 HSA Mistak...
International Investing: • Does International Inv...
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Disclaimer: This video is for entertainment purposes only. Everyone's situation is different so do your own research before making any decisions with your money.
Just subscribed. Love the random humor while still being very educational.
Super funny relationship jokes. I appreciate the humor mixed in with finances. Awesome video!
It’s good to hear what people are actually doing vs. the theory they teach
Hey, Jarrad! I'm glad you're telling us all about your accounts and how you're going to use them this year in 2025! Great video! Happy New Year!
Great insights! Excited to see how this plan unfolds.
Hyundai’s vehicle oil consumption is ridiculous! Always appreciate your HSA updates.
“I need to protect myself from myself” 😂 yup 👍
I finally got an HSA opened up after watching all of your videos. You're a great help to the community. Thanks. The first paycheck hits tomorrow. I'm excited to throw it all at the Nasdaq and watch it zero out because of tariffs this year. :)
Glad to hear you went through with an HSA! 🤣 zero out because of the tariffs. Should be interesting to see what actually happens with all that.
HSA's are great if you maxed out all of your Roth options
@bribradt3450 I'm trying to get both maxed this year. I need to spend less money at the gym :)
@@JarradMorrowHey, Jarred
This may be off topic, but maybe not much so:
If you work food delivery apps (UberEats/DoorDash) no less than 12 hours a day, 6 days a week, are you ever able to make at least 6-5000$ a month, after all the tax deductions?
2 reasons I ask this:
1. I have a 95,000$ debt to crush
2. I have little to no idea how much tax I’ll gave to give away for these apps
Hi I don’t understand most of this stuff but your videos are amazing
Such a great content Jarrad, the r investment fund tip is pure Gold.
Please give us an update about your new car.
Lol.. luv the honesty on Hyundai/Kia. I am same on Nissan.
Thanks for another great video. I never thought about having multiple purpose-driven brokerage accounts. That’s a good idea. Do you invest in the same positions for house repair as you do for car replacement? Also, I’d love to hear more about how to do the back door Roth. Thank you
Lol...I usually ride my bike but when I don't, I drive my Toyota!! Solid move.
I still drive a 2012 Hyundai Sonata! They replaced my engine at 155k miles no questions asked! I’ve been more than pleased with the car and their customer service! Sorry you had a very different experience!
Congrats on getting them to replace the engine! You got extremely lucky.
They denied even giving me the oil consumption test to prove that the engine is sucking it up faster than normal.
My sister has the same car as me and they said they'd give her the oil consumption test but they would charge her for it ($2,500). If they found it was consuming more than usual then they'd reimburse her, but if it didn't meet their levels of "overconsumption" then they wouldn't replace the engine. Not worth risking it when they could find a way to weasel their way out of replacing the engine.
@@JarradMorrow wow! That’s crazy! I didn’t even know about the oil consumption test. My brother had just checked my oil randomly and noticed it was a lot lower than it should have been. I took it in to a dealership to get it checked. They then told me to come back every 1000 miles to get the oil checked (and topped off). After about the 4th time, they told me they had ordered my engine and gave me a car to drive while they were exchanging it! No cost to me at all for any of it! I’m so sorry that you had a much different experience!
Doubt it..
Oh man, that Hyundai dig hurt. :) My kid had a Tucson and never had one issue with it. She has a newer Tucson now. It had a problem with the steering column and I took it in yesterday. They didn't have a loaner so they said Hyundai would pay for my Uber ride to Enterprise to get a rental and pay for the entire rental as long as they had the car in the shop.
🤣 I had to do it based on my terrible experience. To be fair, their newer cars might be perfectly fine. But the recent events left too bad of a taste in my mouth to where I'll never trust them (and by default, Kia).
@@JarradMorrow Totally fair ... haha! Hope your next car is a good one! Thanks!
Love my Hyundai, and they relaxed my engine at 155k miles!
My family member got a brand new Hundai and Immediately had problems with it, like within the first week and dealt with pushback when trying to get it repaired, they didn’t want to provide a loaner car, etc.
@@LastCalvertStanding there's a Hyundai Customer Care line and they will reimburse the rental, etc.
Hey Jarrad, when you say brokerage account, could you provide a little more detail? My finance knowledge is not very high and your home repair and car payment accounts being in brokerage accounts is a little confusing to me. Thanks for the help.
My most conservative retirement investment is the one that has performed the worst. It only lost a little but still. Warren Buffett agrees with you about the crypto and thats good enough for me. 💰
If oil consumption wasnt enough of an issue, they also have no anti theft in many models. Make sure you're fully insured just in case.
I think they may have fixed that on my car. When I took it in to get the oil issue checked out there was a recall for the anti theft problem they had. To be honest it's such a pain in the ass that I would actually prefer someone just steal the darn thing at this point to get it off my hands. I don't even want any money for it 🤣
@@JarradMorrowlol I didn't want to say that. I'm guessing you aren't in a bad enough area, we've had hundreds if not thousands of Hyundai and Kia thefts here. They actually have a class action lawsuit for it too.
Another fine video....
Thanks for watching
$82k debt 😭😭💀💀 I’m glad you paid it off bro! Good stuff! Also how did you get the mortgage so low?
Thanks! Paying that off was one of the best decisions I’ve ever made. The low mortgage is because of dumb luck. I live in the midwest, bought before 2020, bought with the intention of turning it into a rental (so I got a good deal since it was a financial decision from the start), and happened to be born at the right time in history which meant I bought when prices were still reasonable.
@@JarradMorrow amen! Good stuff my man! People get “lucky” when they put themselves out there with hard work and by finding opportunities. Dumb luck only happened because you were smart enough to make other better decisions. I’m glad I’m taking this financial literacy much more seriously! Thanks for the great videos!
Come on Jarrad...... THE PEOPLE DEMAND MORE MOLLY!!!!!!!!!!!! The Hyundai/Kia attacks were funny. I've love those vehicles for the 10 year vehicles, and never had any issues personally, but still funny in general.
If you buy a NEW Toyota, do your research on any manufacturing issues, I’m a Toyota fan, have a 2nd gen Tacoma, love it. But the new ones aren’t made like they used to!
I heard about that. I'm sticking with used that way I can steer clear of the problematic make/model/years with known issues
@@JarradMorrow Prius
@@JarradMorrow smart way to go about it! That’s what I did, 50k trouble free miles later!
Happy New Year Jarred.... Thanks for your info, very helpful.. What do you think about ETF SVOL?
Hi Jarred, I’m new to financing and a lot of these UA-camrs are leading me down the wrong path. Your content is logical and secure, thank you. I was so delighted to learn from one of your previous videos that I can invest in my 2024 Roth! I am going to put the entire $7000 in- do you have a suggestion on what funds and percentage of the funds I should go with? I am 45 and just starting this year, thank you.
Same!! I’m 45 as well and putting my 7k in a targeted index fund.
What would you suggest investing in for a home down payment or wedding? Currently those are in cash for me since I plan on purchasing within next 3 years.
Under 5 years? HYSA. Over 5 years? S&P.
Generally, 3 years is too soon to be investing the money in my opinion. Imagine telling your fiancé you have to push out/can't afford the wedding because the market is down. I wouldn't want to be in the room when you break that news 🤣🤣.
Saving for a home COULD be different. If you both were willing to be flexible and delay buying a home if the market is down then it could be worth considering. But you both better be 110% on the same page with this decision and willing to wait until the market recovered.
I kind of look at these decisions on a case by case basis. A single person with a high risk tolerance can be a lot more flexible with these types of decisions. It's way more complex of a decisions when we're talking about a married couple, and even when adding children into the mix.
Buying your house is the best peace of mind you can buy, even if your payments and interest rates are low. Kia is a great brand, one of the best out there. Seems you had one bad experience and are tossing them all under the bus. My grandmother does the same type of things.
You and my cousin agree about Kias...but he also sells them so there might be a conflict of interest 🤣. When you combine my bad experience with thousands of other people's, Kia and Hyundai should be thrown under the bus. I shall take on the burden of trashing both companies for the rest of my life 🤣🤣
@@JarradMorrow, haha, that is fair. Myself, my girlfriend and many friends have only had great experiences with Kia. It's the only brand I've owned since 2001 and I get a new one every 4 years. Car reviewers also only sing praises. You're the first person I've seen in my life who hates them. So, I just had to comment. Keep up the great work!
Hi Jarrad, I like your idea of a future car fund, I have one as well. However, mine is in a high interest savings account. The car I may need to replace is about 17 years old with over 300,000 miles (but it's a Toyota!). Should I move that money to a brokerage account, or stick w/ my high interest savings account where it's a little safer?
Nothing wrong with holding the money in a HYSA as your car fund. Depends on the shape your car is in. Knowing nothing about the details of that and just looking at the age of the car and the miles, I'd probably keep it in the HYSA instead of investing it.
Now if you told me that you just paid for your next car with cash and don't plan on needing to buy another one for 7+ years then it could make more sense to start saving up for your next car in a brokerage account. This is what I did. There is a level of risk with this one that not everyone can handle. No shame in preferring to set the money aside in a HYSA instead of a brokerage account.
There’s a difference between a traditional ira versus a 401K?? Please do a video on this!!!!! I had no idea?? I’m so confused!! Thanks Jarrad 😅😊😊
I was actually looking at a Hyundai Kona or a Kona EV! I think I'll stick to an EV that will actually get me the tax credit
Do you purposefully save up throughout the year to make the Roth IRA contribution on Jan 1st? We usually just contribute monthly throughout the year until I hit the max, but I would like to be able to make that Jan 1 contribution to maximize time in the market. Would require us to save up another $14k throughout this year. Doable, but definitely needs to be purposeful in our case.
Yes. I don't count that money I'm saving up throughout the year as "cash" since it's earmarked to going straight into the Roth IRA once the new year hits. Even if you can't set that much aside throughout the year it could still be beneficial to save up any amount, lump sum invest that money at the beginning of the year then DCA for the remainder of the year to fully fund the account.
@@JarradMorrow Makes sense. Welp, time to add a category in my YNAB budget for IRA 2026 and HSA 2026 and feel "budget poor" again!
To be clear, I only do that because I have enough left over to still spend and enjoy my life. If I didn't then I'd just DCA into it throughout the year. Don't be a dork and make yourself "budget poor" if it's going to prevent you from enjoying some of the money in the present 🤣🤣
@@JarradMorrow Haha sometimes I need that reminder from time to time. We are in the messy middle right now with a kiddo in daycare AND an unfortunate car payment from a car that died on us. Monthly cash flow is temporarily a bit thin so this might be a future goal until we can get income up
@@JarradMorrow By the way, we went from Hyundai (the car that died) to a Toyota RAV4 🤣
Great video, and spot on about kias. My buddy was leasing one and it had an oil leak. He took it to the dealership they said it didnt. He had to have two other mechanics confirm it before they finally fixed it
I'm struggling to figure out what amount is too much to have in a HYSA account which I guess is what you consider cash?
Anything beyond my emergency fund and money in my checking to pay for monthly expenses I consider to be "leftover cash". It's really going to be different for everyone. But if you have a fully funded emergency fund and you're sitting on a bunch of extra cash that isn't earmarked for something in particular then you need to ask yourself why. You might have a good reason for it, but if not then it might be dragging down the growth of your net worth.
@@JarradMorrow thank you for your response, I might keep a year worth of emergency funds and send the rest to my Roth IRA and brokerage account.
Your insurance should go down a huge amount when you sell the hyundai
It's already extremely low since I only have liability coverage.
Have you looked at DXJS? Wondering if it's worth investing in the Japanese economy for a International stock. Kinda looks like a SCHD
Do you like ETF AOR?
Think of Bitcoin as digital gold.
I try, but that still doesn't help 🤣. In my opinion Gold is so inferior to Bitcoin that it almost causes even more confusion 🤣🤣
Think of Gold as a Bitcoin for Boomers.
So Jarrad, where would you put HSA money if you are unable to have an HSA? Such as Tricare folks.
Can someone explain why you need so much for medical expenses once you retire? I understand the older you get the more problems arise, but Medicare covers a ton. And if you don't have any money, just go on Medicaid and it is free. Yes Assisted Living is out of pocket but you don't HAVE to go to a fancy 12K a month Assisted Living facility.
Why wouldn't you max out your pretax 401k and then rollover your posttax 401k into a Roth 401k?
That's one way to slice it if you have the cash for taxes.
You look just like JJ Buckner
Really? Maybe you mean HE looks like ME 🤣. He's actually one of the few UA-cam creators I talk to on a regular basis. Good dude...except for the time he made me sleep on the floor when we shared a room on a trip we went on.
Where is 10% international invested?
Toyota is having problems now , hold off till next year , Mazda is tops these days
Please buy Toyota RAV4 😊
Why 90:10? I'm doing 75:25.
Liquidating assets and going deep into FartCoin
🤣🤣
Get a Toyota
The only reason I could get into a HSA is to have a high cost deductible. HSA are only for a few and the rich.
Sounds like u like lump sum investing if u had money vs dollar cost avg.
Yes
$600/mo??? Where do you live?
Midwest. Plus, I bought before 2020 so keep that in mind. I essentially just got lucky based on when I was born and when I happened to buy the house.
Take your crypto off your coinbase exchange. Cold storage...
Jarrad, hahah! You crack me up!! Hyundai and Kia are pieces of turd, well noted! Thanks !! 😊😂😂
You advocate for keeping as little cash as possible, but don't you think a bit more cash on hand could be helpful for unexpected opportunities or emergencies?
I personally prefer to keep as little cash as possible (not including my emergency fund). Wasn't implying that other people should do the same thing. If it came off that way then I apologize because that wasn't my intention. I've had 0 unexpected opportunities pop up in my life where I needed a big chunk of cash so I just don't see the point.
I will add Nissan to your list too. Just don't.
Never dumb to pay off debt. I paid off a low income mortgage and have been investing 30% of my income ever since.
The return on paying off a low interest rate mortgage is lower than if you had instead invested that money. From a financial standpoint it doesn’t make sense. Nothing wrong with paying it off early for the peace of mind, but that’s more of an emotional decision than a financial one. Glad to hear that decision worked for your situation 👍🏻
@ emotional-maybe. But also, safe from any layoffs, or financial burdens from unplanned emergencies. Now we just buy whatever we want, give to our kids & feel well off and safe. I get where you’re coming from on paper, but calling it stupid isn’t fair-especially when we invested all along and are now tripling our investing. But, thanks.
I would still pay extra on your mortgage every month to get it payed off. And no that’s no horrible advice. Having no debt is safer then having it, are you are wealthier.
Stop getting married. Don’t be an ATM machine.
You don’t really need separate international anymore due to the global exposure in US stocks.
Toyota all the way... Stay away from VW's also...
Hyundai is the best! they use to be horrible but now are incredible!
9 wives... Ouch.
Note on cars, I cannot stress how much getting a Tesla M3 was the right decision for me. I got it in 2019, it's paid off, cost less than a Toyota Camry and has fsd (I bought it back when it was only 6k). I've only had 1 single maintenance issue in over 5 years of ownership and it was a few months ago for a faulty sensor. Other than that, it's just tires when they're due and literally nothing else. Imo, it's the best value car on the market, and it's not even close.
Some of my buddies are on the same page as you. They 're obsessed with their Teslas. I'm still not to the point where it makes sense for me to own one. It would be more of an inconvenience based on my current lifestyle. I'm sure that'll change at some point, but I don't foresee it happening for a while.
Both 6.0 and 6.4 were junk engines . Computer , extreme EGTs , blown head gaskets and worse . Ford dumped most these trucks in S America
"Cash" in investment jargon usually does not mean cash. You roll traditional IRAs to 401ks--don't understand why. Money is money, why have different accounts for roof, car, etc.? I'm pretty confused of the logic in your investing methods. If it works for you . . .
Nursing homes charge by day from 1000$-5000$. Yes it’s crazy
Where are you looking? I just did a quick google search and saw the median monthly range in US is $5,483 in Texas and $19,267 in Alaska. Still a lot but not nearly as much as your numbers. Is that for like a cream of the crop nursing home?
@mkhatame86 I've never heard of them being that much per day but I guess it's possible if it's the best of the best.
Don’t get a TOYOTA TUNDRA, you’ll be butt hurt!
Future Ex Wife... Classic and 50% less worth if lucky!