These Money Moves Feel Like Financial Cheat Codes
Summary
Hosts Brian and Bo share six legal financial "cheat codes" to accelerate wealth building. They emphasize securing employer matches, automating investments via dollar-cost averaging, and following the financial order of operations. The episode also details optimizing HSAs for tax-free growth, executing backdoor Roth IRAs for high earners, and using tax-loss harvesting in taxable accounts to offset gains.
Topics discussed
Cheat Code 1: Getting your employer 401k match
Cheat Code 2: Automating investments and dollar cost averaging
Cheat Code 3: The financial order of operations
Cheat Code 4: Optimizing Health Savings Accounts (HSA)
Cheat Code 5: The backdoor Roth IRA strategy
Cheat Code 6: Tax loss harvesting in taxable accounts
Conclusion: The value of working with a financial advisor
Listen ad-free on Castria