Josh (caller)

Josh, a motivated caller and former mortgage-free homeowner, seeks advice after taking out a HELOC for renovations. He shares his financial challenges, including hefty private school tuition. Rachel, the host, probes into why he borrowed after being debt-free and emphasizes the importance of paying off the HELOC aggressively. They discuss practical strategies to expedite debt repayment, the risks of rolling debt into a mortgage, and the reality of deep budget cuts. It's a candid conversation about financial priorities and avoiding the debt trap.