Navigating Undercar Debt

This chapter explores the financial dilemmas of owning a car that is underwater, weighing repair costs against the vehicle's value. The speakers discuss strategies for managing debt and emphasize the importance of prioritizing financial stability over social perceptions. They encourage listeners to take responsibility for their financial choices and seek community support while considering more affordable transportation options.

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📈⁠⁠⁠⁠⁠⁠ ⁠Are you on track with the Baby Steps? Get a Free Personalized Plan⁠⁠⁠⁠⁠⁠⁠

George Kamel and Dr. John Delony answer your questions and discuss:

"How do I best use cash I receive from a settlement?"
"My grandfather's inheritance wishes go against the Baby Steps"
"Should we live with my in-laws in order to be included in their will?"
"Should I build a large house to accommodate family that we're no estranged from?"
"I'm $600k in debt and drowning. How do I start paying this off?"
"I'm upside down on a car that needs serious repairs. What should I do?"
"How do I stop investing while paying off debt?"
"My husband thinks if I take a part time job it will set a bad example to our kids"
"Should we use our Roth IRA to pay off our house?"

Next Steps:

💰How much do you need to invest each month to retire a millionaire?

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