A listener writes the show to ask: what should he and his family do with a life-changing windfall? The listener has a mortgage, and a HELOC, and some savings goals such as saving for his kids' college education. The windfall amount is enough to payoff all these things, and in addition he has recently earned a large raise. While the windfall is a huge gift, he wants to be calm, reasonable, and disciplined with allocating it towards the family's financial goals. Jesse helps walk through the problem, and identify some emotionally driven questions one should ask in this situation.
Got a question for Jesse? Send him an email:
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A Clarification on Goal Failures
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Ask Jesse: Airlines are Banks, Better Money Habits, and Fast Talking
Ask Jesse: Credit Card Rebels, Banks, and Emergency Funds
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