Mar 1, 2023
This week’s episode of Grow Money Business podcast is all about loans and cash. Throughout the episode, we discuss 401K plans, personal loans, credit cards, margin loans, home equity lines of credit, and more.
[04.08] Personal loans - Starting the conversation, Grant defines personal loans and how they work in paying off your credit card.
[08.00] HELOC – Grant explains the home equity line of credit and its advantages and disadvantages.
[16.38] 401K plan – Grant dives deep into how 401K loans work, their advantages, and the unnecessary taxes and penalties that come with them.
[19.00] Margin loans – We talk about margin loans and the implications that come with them.
[29.20] Hypothecation – Grant defines hypothecation and what’s happening behind the scenes.
Resources
What is a Margin Loan and How Does It Work? –
supermoney.com/what-is-a-margin-loan-and-how-does-it-work/
401(k) Loans: Reasons to Borrow, Plus Rules and Regulations –
investopedia.com/articles/retirement/08/borrow-from-401k-loan.asp