Navigating Financial Decisions for Early Retirement

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The chapter explores a listener's plan for early retirement in three and a half years, delving into the strategy of utilizing a cash-out refinance on a house to access existing equity. It contrasts this approach with a HELOC, discussing the potential downsides of creating an emergency fund through a cash-out refi and commending the listener for their impressive financial discipline and savings habits.

#509: Rob wants to retire early, but a real estate investment led to $30,000 of credit card debt. Should he take on more debt to pay it off?

An anonymous return caller took Paula’s advice and ran with it, doubling her income within a few years. Should she update her investment strategy now that she’s in a higher tax bracket?

Humaira is tired of paying rent with nothing to show for. Can she leverage some benefits by using her credit card to pay the bills?

Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode.

Enjoy!

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