Renting vs. buying a home, debt payoff, and the best investments of 2022 are just a few of the topics discussed in this week’s Finance FAQs. That’s right, we’re here with a new segment where Scott and Mindy take your questions directly from the BiggerPockets Money Facebook group and give answers so you can make smarter investing, saving, and life-changing decisions.
In this episode, we get into questions from a range of different financial situations. We have questions about debt payoff schedules, whether to sell stocks and invest in real estate, why “safe” investing may not be smart investing, and what to do when three-quarters of a million dollars are given to you. Scott and Mindy not only answer these questions the best they can, but they also give the “why” behind the financial decision so you can be better equipped when situations like this come up in your own life!
If you want to ask a question or give us feedback about this new format, you can do so on the BiggerPockets Money Facebook Group or leave a comment on the BiggerPockets Money YouTube channel. We’ll try and round up the most commonly asked questions so Scott and Mindy can keep the wealth-building wisdom coming!
In This Episode We Cover
The safest investment vehicle in 2022 (and why safest doesn’t always mean best)
Whether to pay off student loans or invest in retirement and real estate
Which debt to pay off first so you can coast to debt-free freedom
Renting vs. buying in today’s hot housing market and how to decide for yourself
Funding home renovation projects (even when contractor costs are high!)
House hacking and using it to lower your expenses, grow net worth, and build financial runway
And So Much More!
Links from the Show
BiggerPockets Money Facebook Group
BiggerPockets Forums
Finance Review Guest Onboarding
Scott's Instagram
Mindy's Twitter
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Follow Along Mindy’s Live Budget Tracking
BiggerPockets Money Podcast 35 with Craig Curelop (House Hacking)
BiggerPockets Money Podcast 267 with Robert Farrington (Student Loans)
Does It Make More Sense to Rent or Buy in Today’s Real Estate Market?
A Beginners Guide to Hack Your Housing and Live for Free
Pay Off Debt or Invest?
Check the full show notes here: https://www.biggerpockets.com/blog/money-290
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BiggerPockets Money Podcast