Money pro tips: A Q&A with licensed adviser Jeff Buehler


Policygenius Staff

Policygenius Staff

Insurance Expert

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Published October 11, 2019 | 2 min read

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Featured Image Money pro tips: A Q&A with licensed adviser Jeff Buehler

*Each week, we ask a personal finance or business expert for their money pro tips. This week we talked to Jeff Buehler, licensed Policygenius adviser.*

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Last thing you resisted buying: AirPods.

How did you resist it? I already have two pairs of headphones. Do I really need another?

Last thing you splurged on: A trip to New Orleans.

Why’d you OK the splurge? I’ve been meaning to go there for too long now. I had to make it happen.

Current money goal: Save for a house.

How you’re working toward it: Putting 5% of each paycheck into a money market account.

Money thing you’re most proud of: Starting to save for retirement at age 22.

Best financial advice you ever got: Make a budget, especially once you start paying rent or a mortgage.

Worst financial advice you ever got: Day trading options is a good idea.

No. 1 money tip you give to people: Invest long-term when you’re young. You’ll thank yourself later.

What would you do with a $1 million windfall? Invest 95% and splurge on a European or Asian vacation with the rest.

How do you budget? I build an Excel sheet listing expenses, income and savings trajectories.

Money book, podcast or blog you recommend: Freakonomics.

Best money you ever spent: Tuition at Penn State.

Worst money you ever spent: Spending a bit too much on FIFA.

Credit or debit? Credit, 98% of the time.

Most common question people ask you about money: What should I do with excess cash?

Answer to the most common question people ask you about money: Don’t keep it in a checking or savings account, either invest in a low-risk exchange-traded fund or put it in a money market account.

Disclosure: This blog post is intended for informational purposes and should not be considered legal or financial advice. Consult a professional to learn what financial products are right for you.

Image: Nastia Kobzarenko