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Answering some of your questions. We’re covering the following questions today:
- Would love to hear your thoughts on sinking funds. Do you suggest them, how many should you. have, when do you know when to actually use them, etc.?
- What are the advantages and disadvantages of the avalanche and snowball methods? Are there types of situations that make one better than the other?
- What is your advice on what to do if you sold your house and made $100K equity from it? We decided to move into a smaller home that is paid for. Trying to decide what is best to do with the money.
- What is the safest, stable, way to invest? I have cash but am afraid to hand it over to other people.
- Tips for budgeting and paying off debt with variable income. We’re a small business family.
- How do you know what to price furniture pieces that you are flipping?
- What’s a process to determine your current financial priority? Feels like I have 3 competing.
- How do I pay off debt while making some much needed repairs to my house?
Woo! These are some good ones!
Resources mentioned:
Qapital– savings app. Use this link and we both get $5 towards our savings goals!