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Ask Paula: How Can We Reach Financial Independence by 35?

Afford Anything

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Using a Small Down Payment to Accelerate the Mortgage Paydown

If you have a stable job or career and that you can stomach the mortgage while still being able to save, using a portion of this money to make a small down payment and investing the rest. If it's going to accelerate your progress towards your financial goals, you could potentially, particularly before the baby is born, live in your r v, in the back yard of a home that you purchase,. rent out that home on air b and b, perhaps, or to a short term renter. Those would be perfectly valid strategies.

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