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WCI #294: Finance For the Whole Family

White Coat Investor Podcast

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You Should Get Your Dad's Name Off the Title of the Car

Luke: This does put your dad at risk. You should get his name off the title of the car. He has more assets and more income than you. So it's worthwhile providing him a little bit additional asset protection by getting his name off that title. Colleen: I have a question about recommendations for people who may not be able to live like a resident. We are doing things like not buying new cars until our current ones give out, but we don't have any loans on those. And then daycare expenses add up pretty quickly. Because of this, we really can't live like residents.

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