Navigating Financial Pitfalls

This chapter features a listener's harrowing experience with an online investment scam, leading to significant financial losses and debt. The discussion centers on emotional support, tax implications, and strategies for managing and documenting financial recovery.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

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

Jade Warshaw and Rachel Cruze answer your questions and discuss:

"How do we recover from 2 hurricanes and being sued by credit card companies?"
"How do we handle debt now that our financial situation has changed?"
"How can we travel outside of the country without a credit card?"
"Should I use a $400k settlement to pay off a bankruptcy?"
"How do I get my husband on board with the Baby Steps?"
"My 15-year-old daughter is an influencer and has saved $100k for a car. How much should she spend?"
"Should I pay off my house before retirement?"
"Was buying a mobile home a mistake?"
"My husband gave away all of our retirement money in a scam,"
"Should I pay off my debt before going back to school?"
"My daughter is paying me back $50k. How do I make sure I'm responsible with this cash coming in?"
"Can we pay for a honeymoon while on Baby Step 3?"
"Am I a burden to my husband?"
"Do I make enough money to move out on my own?"