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

<p>#324: Rob and his fiancé 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?</p> <p>“Nurse Dreaming of FI” isn’t sure what her family’s next financial move should be. She’s 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?</p> <p>Daniel 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’s market?</p> <p>Anonymous 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?</p> <p>Nick is curious: how have my views on wholesalers changed over the years, and why?</p> <p>My friend and former financial planner, Joe Saul-Sehy, joins me to answer these questions today.</p> <p>For more information, visit the show notes at <a href= "https://affordanything.com/episode324" target="_blank" rel= "noopener">https://affordanything.com/episode324</a></p>