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#38 Paying Off Your House: Should You Do It, How to Decide, and Pros vs Cons
Manage episode 440377886 series 3530453
Ryan Nelson & Aaron Hoisington, Ryan Nelson, and Aaron Hoisington에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Ryan Nelson & Aaron Hoisington, Ryan Nelson, and Aaron Hoisington 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
Have you ever wondered whether paying off your house early is the smartest financial move? Join us on the Fiscal Physical Podcast as we sit down with Ryan Nelson, founder of Alchemy Wealth Management, to unravel this age-old dilemma. Through a riveting discussion, Ryan guides us on a journey of assessing personal goals, risk tolerance, and the potential returns on investment. With a hypothetical scenario involving a 3% mortgage and an unexpected $100,000 inheritance, we explore the complex factors that influence such a pivotal financial decision.
But the conversation doesn't stop there. We dive into the nuances of financial priorities and future planning, drawing from personal experiences and professional insights. Have you ever considered that your home isn't truly an asset until it's sold? Learn how extra mortgage payments could affect your investment opportunities in tax-advantaged accounts like Roth IRAs. And for a fun twist, we indulge in a light-hearted contemplation of winning a $70 million lottery, exploring the excitement and family dynamics that come with such a windfall.
In the final segment, we tackle the challenges of managing large sums of money, using Shaquille O'Neal's early career spending spree as a cautionary tale. Discover how quickly fortunes can be depleted if not managed wisely, and the importance of prudent financial decisions. We also introduce a quirky website that lets you try to spend Bill Gates's $100 billion fortune, shedding light on the staggering difference between millions and billions. Tune in for a compelling episode that blends practical financial advice with thought-provoking discussions on wealth and responsibility.
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But the conversation doesn't stop there. We dive into the nuances of financial priorities and future planning, drawing from personal experiences and professional insights. Have you ever considered that your home isn't truly an asset until it's sold? Learn how extra mortgage payments could affect your investment opportunities in tax-advantaged accounts like Roth IRAs. And for a fun twist, we indulge in a light-hearted contemplation of winning a $70 million lottery, exploring the excitement and family dynamics that come with such a windfall.
In the final segment, we tackle the challenges of managing large sums of money, using Shaquille O'Neal's early career spending spree as a cautionary tale. Discover how quickly fortunes can be depleted if not managed wisely, and the importance of prudent financial decisions. We also introduce a quirky website that lets you try to spend Bill Gates's $100 billion fortune, shedding light on the staggering difference between millions and billions. Tune in for a compelling episode that blends practical financial advice with thought-provoking discussions on wealth and responsibility.
Find "Your Fiscal Physical" the book on Amazon at: rb.gy/3shpfk
If you have suggestions or feedback, please email us at: Podcast@AlchemyWealth.com
And, as always, STAY THE COURSE!
챕터
1. #38 Paying Off Your House: Should You Do It, How to Decide, and Pros vs Cons (00:00:00)
2. Paying Off Your House (00:00:01)
3. Financial Priorities and Future Planning (00:12:03)
4. Managing $70 Million Lottery Winnings (00:16:02)
5. Managing Large Sums of Money (00:19:11)
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