The premiums you don't pay, the premiums you avoid is the return on investment on that money. So even if you do have $40,000 in savings and you lose $1,400 a year, $1,16 per month in purchasing power, over the long term, you might make back by being more heavily invested in equities or by... You might save that in deductibles. There it is. It's so simple. I feel like sometimes the professors online think too much about the ROI and an emergency fund. Right.
#422: Emily is saving aggressively for financial independence, but it’s hard to enjoy the present. Is it time to increase spending?
Monroe wants to stop working. Forever. Which is more important: debt payoff or investing?
Another anonymous caller and his spouse dream of building a homestead on an expensive piece of land. How much is too much to spend on housing?
Given the high costs of moving, Sarah wonders if buying a starter home is the best decision. Should she and her fiance jump straight to buying their forever home?
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/episode422
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