Ask Paula: Use One Debt to Pay Off Another?
Afford Anything
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Analyzing the Listener's Financial Situation
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.
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