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!
Mindy:
Welcome to the BiggerPockets Money podcast show number 290, a different kind of Finance Friday Edition, where Scott and I answer your questions direct from our Facebook group. Personal finance is personal, and if you can live with having $81,000 in debt while you are choosing to pay the minimums and investing other ways or paying slightly above the minimums and growing your liquid savings account, then do that, but if it is weighing on you and making it so you can’t even sleep at night because you have this massive student loan debt that you are just feeling is crushing your soul, then pay them down as much as possible because your health, your wellbeing, your mental state is what’s most important here.
Hello, hello, hello. My name is Mindy Jensen, and with me as…