Dec 5, 2016
#54: It's the first Monday of the month, which means I'm
fielding questions from the audience.
We start with a question from Nicole.
She's a new listener, and she's stuck in a confusing situation.
You see, Nicole is self-employed. She'd like to save a percentage
of her income -- but she doesn't get regular paychecks. How can she
automate her savings, when she doesn't know how much she'll make
each month?
She asks a second question, as well.
Nicole has $15,000 in savings and wants to buy her first rental
property. However, she's intimidated by the unknown market. What
should her first steps be?
Next, we move to a question from podcast listener David. Should he
invest his emergency fund?
David is contemplating putting his emergency savings in the
Vanguard Immediate-Term Investment Grade Fund (VFICX). Is this a
good idea?
Saul, another podcast listener interested in real estate investing,
recently sold his home and has a decent chunk of change. Should he
buy a 3 bed / 2 bath townhome with a small commercial space on the
first floor? Or should he buy a duplex?
Podcast listener Albert is wondering: should he buy a home for
himself, and rent it out a few years later? He'd like to travel and
work remotely. What are the downsides to this idea? It can't be
that easy ... right?
Finally, Abbey started a personal finance blog, and wants to
know:
When should she start promoting her blog?
How much content should she write?
Does she have to share her blog with her friends
and family, or can she stay anonymous?
Should she write about other things besides
money and travel?
I tackle these questions in this month's edition of Ask Paula.
Enjoy!
-- Paula
P.S. Trying to make a decision? Ask your question at http://affordanything.com/voicemail
Resources Mentioned:
Renting is Throwing Money Away...Right?
Everything I Know About Blogging Condensed Into
One Post
Should You Invest in This Rental Property?
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To view this information online, visit http://affordanything.com/episode54