Timothy Sumer

Are you thinking about getting a 401K Loan? Do you currently have a 401K loan? Here are the pros and cons you need to know. Private Group Coaching with Psy ➡️ 🤳 Psy on TikTok, Facebook, Instagram 🤳 ➡️ 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨‍🏫 Free Financial Coaching 👩‍🏫 Schedule a free 20-minute Individual Coaching Session Schedule a free 30-minute Couple's Coaching Session ➡️ 📖 My YouTube Studio & Equipment 📖 ➡️ For sponsorships and business inquiries ➡️ media@firepsychat.com 📷 Additional FIRE Videos Mentioned In this Video 📷 Our $3.7 Mil Fat FIRE Plan - How We're Saving 70% of Income (2023) - My $1.1 Mil Fat FIRE Progress (Sep 2022) - How to Become an Ordinary Millionaire - How to Start F.I.R.E - The Ultimate F.I.R.E Guide - How to Invest in an HSA - Become a TSP Millionaire - Financial Independence Calculator - ⏰ Table of Contents ⏰ 0:00 What is a 401K Loan? 1:44 401K Loan vs 401K Withdrawal 2:43 401K Lo

I was asked about using a 401k Loan to invest in real estate. Here is my response. Join me Fridays @ 8 a.m. EST for a Live Q&A! ---------------------------------------------------------- Click here for a free 7-day trial to PropStream: This is an affiliate link, and I thank you a ton for using it...it helps me feed my kids! Want to join a group of like minded men to encourage you, hold you accountable, and help you reach your goals faster? Watch this video about the Seek Wisdom Mastermind group: and fill out an application at --------------------------------------------------------- About Ryan Ingram: I believe the meaning of life is to become the best version of yourself for the benefit of all those around you. Over the past 3 years, I have made drastic improvements to my life. Mainly, because my wife and I had our son; it was very important for us that she be a stay at home mom. Unfortunately, on my salary in law enforcement, I couldn't make that happen.

We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. #retirement #retirementplanning #dohstr8 ---Ready to subscribe--- For more information visit: --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing A 401k loan is a loan that can be taken out against the balance of your 401k account . These loans have become quite popular, especially during tough economic times when people need access to funds. However, before considering a 401k loan, it is essential to understand the pros and cons of this type of loan. Pros of 401k Loans 1. Flexible Repayment Options One significant advantage of a 401k loan is the flexibilit