Aen fantastic question. How about this, paula, how about she does both? Oh, i know exact where. All right, joe, let me guess. What you going to tell jen is that she should put the money into a taxable brokerage account and wait until it reaches such a balance that she could pay off her entire mortgage in one lump sum. And then, based on how she feels at that time, she can either pay off her mortgage inone lump sum, or she can use the cash flow from her investments, the dividends, an other cash flow that comes from her investments,. That's pretty darned compelling.
#387: Lila is concerned about inflation and the risk of a recession. Should she invest in the stock market, despite the scary headlines? Or should she pay off her primary residence or her investment properties?
Linda invested in a 529 for her son’s college, and he’ll be starting in the fall. But, the value of the plan dropped right before she was planning on using it and she is wondering how to keep from losing more money.
Jen and her husband want to retire in 8 years. They’re hoping to have paid off their mortgage AND hit their net worth goals when they stop working. How should they prioritize between these two goals?
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.
Enjoy!
For more information, visit the show notes at https://affordanything.com/episode387
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