ASSk News: Tough Questions About Money
The best advice to difficult questions about money.
ASSk News is a series where we field questions from readers and provide insightful answers. Today’s topic:
What tough questions do you have about money?
I’ve collected the most popular questions and will provide my insight.
Please note, while I don’t have any accredited financial experience, I did once make a $20 profit on the Acorns app. That to say, I know money and how it works and stuff.
So, let’s get to the questions.
How can I make money fast?
Gamble.
There’s a stigma around gambling, but the only people who hate it are the ones who lose or don’t even try.
Extra Tip: If you want to make A LOT of money, gamble with a large amount.
I have $1000. Which stocks should I invest in?
None.
If you never invest in stocks, stock market volatility doesn’t exist.
Dave Ramsey says, “Live like no one else so that later-
I’m gonna stop you there.
If Dave Ramsey really had credible advice for gaining financial freedom, his three kids wouldn’t have to work at Ramsey Solutions.
My fiancé and I are getting married soon. Should we have separate accounts for our money, or combine?
It depends how wealthy your fiancé is.
The standard advice I’d give is that you each have your own account, and then also have a third, joint account.
However, if your fiancé is wealthy, throw all that out the window, combine finances into one account, do not get a prenup, and let the cards fall where they may.
How can I get passive income?
Sure thing.
It’s called “Journey Enterprises” and it’s a multi-level marketing business I started with my college roommate.
If you have a few minutes to talk on FaceTime, or if you want to catch up over a cup of coffee, I can tell you about it!
How’s that sound?