Should I Invest My Bonus All At Once or Over Time? - Money Q&A

In this episode of the Personal Finance Podcast,  we're going to do a Money Q&A about should I invest my bonus all at once or over time?

Today we are going to answer these questions! 

Question 1: Should I use the dollar cost average or invest my bonus as a lump sum?

Question 2: Should I Replenish My Emergency Fund 

Question 3: What are the steps to take after closing on a house? 

Question 4: How Should I Rollover Funds From a Financial Advisor?  

How Andrew Can Help You: 

• Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future where your aspirations are not just wishes but realities. Enroll now and make this year count!
• Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here!
• Learn to invest by joining  Index Fund Pro! This is Andrew’s course teaching you how to invest! 
• Watch The Master Money Youtube Channel! ,
• Ask Andrew a question on Instagram or TikTok. 
• Learn how to get out of Debt by joining our Free Course 
• Leave Feedback or Episode Requests here. 

Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast.

• Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at  shopify.com/pfp
• Monarch Money: Get an extended 30 day free trial at monarchmoney.com/pfp
• Thanks to Fundrise for Sponsoring the show! Invest in real estate going to fundrise.com/pfp
• Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance
• Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote.
• The Personal Finance Podcast is sponsored by BetterHelp. Go to betterhelp.com/pfp and get 10% off your first month.
• Delete Me: Use Promo Code PFP for 20% off! 

 Links Mentioned in This Episode: 

• The Back Door Roth IRA (How High Earners Can Get Money Into a Roth IRA!)
• The Mega-Back Door Roth IRA (How to Get an Extra $43,500 in Your Roth!)
• 6 Ways to Access Your Retirement Funds Early with Jeremy Schneider (From Personal Finance Club!)
• How to Pay No Taxes in Early Retirement, Debunking the Mortgage Fee Fiasco, and More! With Katie Gatti (From Money With Katie!)

Connect With Andrew on Social Media: 

• Instagram 
• TikTok
• Twitter 
• Master Money Website 
• Master Money Youtube Channel 

 Free Guides:  

• The Stairway to Wealth: The Order of Operations for your Money 
• How to Negotiate Your Salary 
• The 75 Day Money Challenge 
• Get out Of Debt Fast 
• Take the Money Personality Quiz
•  

Learn more about your ad choices. Visit megaphone.fm/adchoices