All Forum Posts by: Chris Pasternak

Who's plan are you following?

What will your vows say?  In sickness and in health, for richer or poorer, for better or worse, so help you God?

or... With a prenup or else, only in good times, only when you're healthy and beautiful?

How committed are you?

You: "I was regularly worried sick about what we were going to do to survive"

Also you: Wondering if I should pay off this debt...

You know the right answer...

Dude said financial free beats debt free.  I say financial peace beats all.  Pay off all debts then buy investment property free and clear, rinse and repeat.  Eventually your cash flow from properties and job/business allow you to buy them faster and faster -- a snowball effect takes place.  Slow and steady avoiding the KO punches along the way by dabbling with debt.

Would you buy this as a rental had you not accidentally lived in it for the last however long? This seems clear.

Sell and not pay capital gains because you've lived in it? Double check with accountant.

Where are you moving to?

What will you use the proceeds for?

I don't trust people with no profile picture or pictures of their kids or a cartoon ; )

Welcome!

It doesn't sound like you bought a primary residence yet in Florida. Why not?

Your income is your largest wealth building tool.  Does your husband have a job?  You getting your license sounds great.

Do you guys have life insurance now that you each have a dependent and you're young?

You need to work a minimum of 80 hours a week picking up every second of overtime.  Sleep in the on-call room if you have to and your wife needs a second job, better yet start a new job then get a second job.  And the irony of a marriage counselor with severe personal finance issues...

Hope you learned your lesson.  This debt is suffocating your family.

Even if you did consider this silly proposition his house hasn't sold yet.  That's a big if.

If I had to start my career over I would have interviewed every team in my market and joined the one that had the most value.  That is the best way to jumpstart a career in this game.  I did not do this and the first 2-3 years were some of the most stressful times in my life. I hired a coach year 2-3 and that was of huge benefit but also cost a lot of dough for someone not making much money.  You really need to do one of those two things in my opinion to make it into profitability, year 3+.  Stop focusing on sellers just work buyers. Sellers oftentimes take days to months before their house can be ready to sell. A buyer is ready to go immediately.

It's funny how this question comes up all the time on here.  It's almost as if borrowing money and being in debt owing someone makes you feel icky... consider the banks you're borrowing from have the biggest buildings across every city.