Joshua J Sheats, MSFS, CFP, CLU, ChFC, CASL, CAP, RHU, REBC is a financial planner who teaches people how to live a rich life now while building a plan for financial freedom in 10 years or less. He mixes creative approaches to lifestyle design, deep-dive financial planning techniques, and hard-core business strategy to equip you with the knowledge and inspiration you need to build financial independence.
http://radicalpersonalfinance.com
episode 717: Friday Q&A: HELOCs, Deferring Mortgage, Investing for 18-Year-Olds, Moving to the Country, Voluntary Furloughs, Etc.
It’s Friday! On today’s Q&A we cover:
- 1:23 - Should I take the HELOC money out and put it into my bank account?
- 4:57 - Should I defer my mortgage payments if possible?
- 6:30 - How does this economic crisis affect my FIRE plans?
- 16:52 - What should an 18-year-old do with $56,000 in his bank?
- 32:49 - Should we leave our high-income job to fulfill our dream of moving to the country?
- 48:24 - How should I give away $40,000 to $50,000 per year effectively?
- 1:19:20 - Should I take a voluntary furlough from my job?
- 1:24:12 - How should I set up my new business structure?
- 1:40:45 - How do I choose between two good job offers?