In this chapter, they discuss a listener's financial situation and analyze the best strategy for paying off debt. They explore the pros and cons of paying off a 401k loan, the characteristics of revolving and installment loans, and the importance of considering potential risks and having a contingency plan. The hosts emphasize the need for thoughtful analysis and decision-making based on underlying principles.
#467: Should Knoxville use a higher-interest Home Equity Loan (HELOC) to pay off a lower-interest 401k loan?
Joelle’s tenant is interested in a rent-to-own agreement. Is this a good idea from a landlord’s perspective?
A recent wildfire shifted Sharon’s house into a flood zone. Should she sell before FEMA redraws the map and it becomes official?
Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode.
Enjoy!
P.S. Got a question? Leave it here.
For more information, visit the show notes at https://affordanything.com/episode467
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