DR 365: Budgeting Credit Card Debt, Maximizing a Fund's Returns, and the Power of Subtraction

Today in episode 365, we look at the following three topics:
Budgeting Credit Cards: How should we manage credit card debt in our budget? We'll look at the difference between credit cards we pay in full each month and credit card debt we are working to pay down.
Maximizing Returns: There is one simple strategy we can use to get the most returns out of a mutual fund or ETF. We'll talk about that strategy and how we can use it to build a solid investment plan.
The Power of Subtraction: Finally, we'll look at why removing things from our lives can be just as powerful as adding things.
Resources:
www.morningstar.com/funds/are...
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The Dough Roller Money Podcast is a finance podcast for easy-to-understand advice on managing your money. How to make it, give it, save it, spend it, and invest it in a way that puts you in control of your money and makes it work for you. This fun, relatable and honest podcast shoots straight and helps people understand the big picture as well as the nuances of owning your finances. From retirement planning, best practices for saving, paying off debt, smart investing and so much more. You don’t have to be a financial expert to listen, but you can become one!
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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.

[@trevorpennington924]

Great content! Couldn’t be happier you took back this podcast 😁

[@fij7963]

As far as the "maximizing a funds return" topic, I can't help but be reminded of the late Jack Bogle's stand on rebalancing which IMHO supports this principle.

[@barbaraperry2796]

I keep my finances as simple as possible for maintenance reasons. Gives me more freedom.

[@funtechu]

I particularly like the way that YNAB handles this. When you get a paycheck you allocate the money to your spending categories in your budget. Then if you buy something with your credit card, the money automatically gets transferred from that category to your credit card category. Then at any time when you go to pay the credit card bill, that money is already set aside.

[@josh9231]

Buy right, hold tight- Jack Bogle

[@scottkassan]

I'm a retired software engineer. One of my favorite quotes is from Antoine de St. Exupery: Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away.

[@fasteddy3336]

Yes, I like it. 👍

[@ioannislestaris2761]

Re: investor vs fund return an additional consideration is timing of investor contributions. Most of us invest periodically let’s say monthly vs a lump sum investment at a point in time. Say it differently the return of 10,000 invested on January 1 vs the return of 10,000 invested in equal amounts monthly will be different

[@king_pyrrhus198]

Hey Rob, not sure if anyone has reported this to you, but the audio for the Spotify podcast of the show has some weird audio distortions/issues. I haven’t noticed the same audio issues on the RUclips version of the show.

[@Box13a]

😊

[@raleedy]

If you explained how the investor returns were calculated, I missed it, so it seems mysterious to me.