CJ: Maybe take money out of the brokerage account, but only if you first clarify what the goal of that brokerage account money is and how that goal will be met. Cam: expats working from my company are eligible to take a loan of up to $200,000 from a local bank at about 1.75% interest with a three-year payback period. Joe: Is this a good idea? If not, why not? And if so, what might be some good ways to use it that aren't overly risky?
#451: Rachel’s car is nearing its end of life and she’s short on cash. Should she sell before she’s hit with a major repair?
Cam wants to arbitrage a hefty low-interest loan with a three-year payback period. Is this the opportunity of a lifetime or a disaster waiting to happen?
Kris has tried all the budgeting apps but they’re cumbersome and time-consuming. Is there a better way to track his monthly expenses?
An anonymous caller feels stretched thin with a high mortgage on a single income. Should she sell off some stocks to lower her monthly payments?
Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.
Enjoy!
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For more information, visit the show notes at https://affordanything.com/episode451
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