Our final question to day comes from sheron pala decision. Her husband bought his property back in two thousand eight, and it was a below market type of loan. The benefit of that is d mortgage payment is comfortable every month. But where on this point, where we paid off all our cars and day care is done? And so for my income, i would have an extra four thousand dollars, i would say, that could just be in the savings. So were at this point whet we're wondering, do we keep this below market rate property, and then i would just save that four thousand dollars a month and buy myself my own property as a first time home buyer? Or
#336: Anonymous and his partner have a one-bedroom condo that they rent out in Pasadena, CA. The problem? They’re barely breaking even. Should they keep the condo, or sell it and make better use of the profits?
Sam wants to know: how much of an emergency fund does a rental property need?
Michael and his wife expect their taxable income to be less than $10,000 this year. Should Michael (age 56) take distributions from his 401k to minimize or eliminate their income tax burden?
Shanon wants to switch to an ethical bank with values that align with hers. How can she create a framework for making decisions about financial institutions when authentic information is scarce?
Sharon's husband purchased a property with a below-market loan in 2008. They now have an extra $4,000 per month, and Sharon wants to buy a property as a first-time buyer. They're torn between keeping the property or selling it. What should they do?
Former financial planner Joe Saul-Sehy joins me to answer more of your questions.
Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we’ll answer them in a future episode.
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