Ask Paula: I Make $50,000; How Can I Buy a House?

Published: June 28, 2021, 9 a.m.

#324: Rob and his fianc\xe9 are grappling with what to do about her $400,000 of federal student loan debt. Should they pay it off immediately, or bank on a 20-year dismissal?\n\u201cNurse Dreaming of FI\u201d isn\u2019t sure what her family\u2019s next financial move should be. She\u2019s torn between investing extra money into index funds, or using it to buy a fix-and-flip. Her goal is to make work optional. Which path will lead her there?\nDaniel recently discovered the financial independence retire early (FIRE) movement and got a job earning $50,000 per year. He wants to househack a duplex to get closer to FIRE, but how the heck can he find anything in this seller\u2019s market?\nAnonymous and her husband have 457s with the City of Chicago. However, they found out that Illinois has a horrible credit rating. How can they - and should they - protect their funds? How much should they rely on their pensions?\nNick is curious: how have my views on wholesalers changed over the years, and why?\nMy friend and former financial planner, Joe Saul-Sehy, joins me to answer these questions today.\nFor more information, visit the show notes at https://affordanything.com/episode324\nLearn more about your ad choices. Visit podcastchoices.com/adchoices