This chapter features a caller named Elise who seeks guidance on whether to pay off her high-interest auto loan or invest her funds. The discussion transitions into the Backdoor Roth IRA process, emphasizing effective savings strategies while managing debt, including tips to gamify debt repayment. Additionally, the speakers reflect on their financial habits shaped by their youth, examining the fluctuations between frugality and splurging.
#537: Frequent contributor Joe Saul-Sehy shares an emotional, personal story of getting into a soul-crushing level of debt in his 20s and early 30s.
He owed so much in back taxes to the IRS that he didn’t file a tax return for three years.
He ran out of gas and was stranded on the side of the highway, with 85 cents remaining in his bank account.
By the time he pulled himself out of debt, his twin son and daughter were seven years old.
Learn the gripping, gut-wrenching story of Joe’s past money mistakes in today’s episode.
For more information, visit the show notes at https://affordanything.com/episode537
Learn more about your ad choices. Visit podcastchoices.com/adchoices