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White Coat Investor Podcast
WCI #362: Recasting a Mortgage and Beating a Non Compete
Apr 11, 2024
32:03
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Topics discussed include getting rid of a gifted timeshare, using student loan money for downpayment, paying off mortgages early, and recasting mortgages. Non-compete contracts are also covered, highlighting the legal and ethical considerations. The episode also features information on SOFI services and the Financial Educator Award.
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Quick takeaways
- Understand the implications of non-compete agreements before signing to avoid limiting future job opportunities and locations of practice.
- Recasting a mortgage allows for lower monthly payments without extending the loan term, offering a way to reduce payments without refinancing.
Deep dives
Understanding Non-Compete Clauses and Their Significance
Non-compete clauses are agreements that limit an employee's ability to work in a similar capacity after leaving a job. These agreements aim to protect an employer's investment and prevent employees from directly competing. While non-competes can be reasonable, they might not suit certain specialties, like hospital-based ones. Understand the implications of signing a non-compete before agreeing, as it could impact your future job prospects and locations of practice.
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