During the heaviest of the covid period, when there was lots of stimulus coming in, the number of people taking on new credit shrank enormously. People not only weren't taking out new credit applications, they also were paying down their credit at one of the fastest rates in history. Now, there are more credit card applications and more new loan applications than there has been in recent history. The people that are struggling the most are already beginning to turn to credit. Means this, this is going to get ugly. We're seeing it. We're going to see it a housing were gin to see it all over the place. Right? There are certain imagined risks to the system, and there
#387: Lila is concerned about inflation and the risk of a recession. Should she invest in the stock market, despite the scary headlines? Or should she pay off her primary residence or her investment properties?
Linda invested in a 529 for her son’s college, and he’ll be starting in the fall. But, the value of the plan dropped right before she was planning on using it and she is wondering how to keep from losing more money.
Jen and her husband want to retire in 8 years. They’re hoping to have paid off their mortgage AND hit their net worth goals when they stop working. How should they prioritize between these two goals?
Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we’ll answer them in a future episode.
Enjoy!
For more information, visit the show notes at https://affordanything.com/episode387
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