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531: Financial Freedom in 9 Steps: The Money Guy’s Financial Order of Operations

BiggerPockets Money Podcast

CHAPTER

Navigating Interest Rates and Mortgages in Personal Finance

The chapter delves into the complexities of managing high-interest rates in the context of student loan debt and mortgages. It debates the pros and cons of pre-paying debts with high interest rates, considering factors like potential future rate decreases and opportunity cost of capital. The discussion emphasizes adjusting financial decisions based on age and long-term goals, cautioning against certain practices while highlighting the unique characteristics of mortgages within the financial order of operations.

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