Ever think about quitting your job and just hitting the road? Krista Edwards (Ready to Roth podcast) did exactly that, taking off for several months during prime earning years to hike the Pacific Crest Trail. She shares some of the story and the intense planning she did before and during the trip, and hopefully inspires you to take that leap toward doing what you want, when you want, on your terms.
But before that, loans, credit, and co-signing are all featured in today’s headline story. Have you ever cosigned a loan for a family member? We talk about the good, bad, and ugly (but mostly the bad and ugly) when it comes to helping someone with a loan. What should you watch out for and is it ever a good idea? We’ll share! We also answer Nina’s question about reading a fund prospectus and Doug shares his trivia.
- Helping Your Kids Qualify for a Mortgage? What to Know Before Cosigning on the Dotted Line (The Wall Street Journal)
- How to Lend Money to Family and Not Regret It (Investopedia)
Big thanks to Krista Edwards for joining us today. To learn more about Krista, visit her website and blog and listen to her show Ready To Roth.
- Earth’s strongest storm on record was Typhoon Tip in 1979. What was its top wind speed?
Need life insurance? You could be insured in 20 minutes or less and build your family’s safety net for the future. Use StackingBenjamins.com/HavenLife to calculate how much you need and apply.
- Nina wants to know what to look for in a fund’s prospectus document.
Want more than just the show notes? How about our new newsletter with STACKS of related, deeper links?
- Check out The 201, our email that comes with every Monday and Wednesday episode, PLUS a list of more than 19 of the top money lessons Joe’s learned over his own life about money. From credit to cash reserves, and insurances to investing, we’ll tackle all of these. Head to StackingBenjamins.com/the201 to sign up (it’s free and we will never give away your email to others).
Written by: Brooke Miller
Miss our last show? Listen here: Build To Win: Tax and Business Tips (with Barbara Corcoran & Ed Slott)
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