Reynolds: I think the answer might be in some sort of a middle ground. If you are responsible with credit cards, if you pay them off and full every month, they create an excellent opportunity to get airline miles. Rental properties are a great way to build a stream of residual income which you can use either to reach financial independence or to diversify your income streams. We have a course that we offer only one to two times per year called your first rental property. It's not going to be available until June 2023 at the earliest.
#433: Should “Walker,” an anonymous caller, give up a cushy job to take a year-long sabbatical in Europe?
Blue wants to rent out his East Coast home, take a sabbatical from work, travel to the West Coast with his family, and start a YouTube channel and other entrepreneurial projects. How should he manage his money to make this happen?
Melissa regrets buying a house two years ago in Ft. Lauderdale. She’s poured $30,000 into repairs, all of which she borrowed. Her home-related debts have mounted. She’s over-extended. Should she cut her losses?
Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode.
Enjoy!
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For more information, visit the show notes at https://affordanything.com/episode433
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