Allie Beth Stuckey
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I'm hoping that.
So I would watch it for right now.
Now, this is another related question by Sarah, who says, should we sell home and rent to pay off all debt?
3% interest on current mortgage.
I would say no, that I wouldn't do that.
Now, obviously, I don't know your specific financial situation.
If you're in a situation where you can't pay your debt, your other debt, and it's just piling up and piling up, then that might be another problem.
uh you know another opportunity or another uh option to sell the home but if you can avoid that at three percent interest and you don't plan on moving anyway you're going to stay in that home then i would i don't think i would do that i look for other ways to do that if at all you possibly could if you needed to take a second mortgage out on the home at a little bit higher rate then that might be an option as well
and pay off all that debt.
And then you could take a second mortgage and might still even be able to deduct that interest as well.
So I just don't know that I would do that right now, but I'd need to know a little bit more about your situation.
If you want to email me on that, feel free to do that.
Next to the Bible, what's the best finance book?
Well, I like Dave Ramsey's Money Makeover, I think, as a basic finance book, especially for a lot of young couples, even older couples.
No matter how old you are, some people, no matter how old they are, haven't figured out how to manage their money yet or haven't been taught the principles.
I would do that.
Another way that I help people think about finance, another book is called Rich Dad, Poor Dad, done by Robert Kiyosaki.
Now, I don't
necessarily agree with everything he says out there in all of his books, but this is a good fundamental book on the way you think about creating assets and how you think about finances and what have you.
How do I encourage this generation of parents to help their kids?