The Jesse Mecham Show
Ask Jesse: Catching Up
Aug 28, 2023
The podcast discusses topics such as mortgage rates, variable and fixed rates and the pros and cons of mortgage brokers versus banks. It also touches on effective meetings, frustrations of credit card limits, transitioning to a cash-only lifestyle, the impact of inflation on banks and the value of money, managing overspending, and the importance of hitting financial goals.
10:10
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Quick takeaways
- The specific mortgage type and rate may not significantly impact financial goals if a person is on track for early semi-retirement.
- Creating a slush category and gradually reducing the balance can help manage overspending and make the budget more realistic.
Deep dives
Mortgage Renewal and Rates
A listener named Amanda seeks advice on mortgage rates and types for their upcoming mortgage renewal. Jesse advises that with their current financial situation and ability to make accelerated payments, the specific mortgage type and rate might not significantly impact their financial goals. He suggests not losing sleep over finding the perfect deal, as they are already on track for early semi-retirement.
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