Jill on Money with Jill Schlesinger Making Our Next Move
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Oct 6, 2025 Discussing life transitions, a listener shares her desire to sell her business and travel the world after her daughter finishes high school. Jill offers insights on managing finances and stresses the importance of liquidity over early mortgage repayments. With several rental properties generating cash flow, they explore the challenges of working abroad and the advantages of Bella's German background. Key advice revolves around controlling expenses and ensuring proper planning for a successful future.
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Owner Planning A Post-Launch Career Change
- Bella runs a 13-year-old business and wants a career change in six years when her daughter finishes high school.
- She dreams of leaving Reno to travel the world while keeping Reno as a home base.
Keep Mortgages, Preserve Liquidity
- Do not rush to pay down low-rate mortgages on rental properties.
- Keep liquidity and invest excess cash into higher-return accounts instead of accelerating 3.99%–4.5% mortgage paydown.
Liquidity Trumps Fully Paid Real Estate
- Travel plans can work if you convert assets into liquid income before departure.
- A million-plus in investments plus modest rental cashflow can fund a low-cost travel lifestyle.