Dr. John Deloney
๐ค SpeakerAppearances Over Time
Podcast Appearances
So it's not like you're like an immature 26-year-old, like, I'm cutting off my parents because they gave me a curfew when I was a teenager.
You're not doing that.
We're all back in.
Expect him to run full force into this boundary with everything he's got to see if it will hold.
And if you give him, I expect this much money for rent, I expect this much money for bills, and he stops paying you, you're going to be forced to say, okay, what next?
Am I going to hold the line here?
Is he going to have to move out?
You go ahead and set that stuff up in your mind because he's going to test these boundaries and see if they hold.
Are you renting out the other side?
Was the duplex another one of his scams?
When you say it's a wise investment, what are you going to clear after both rents come in on the mortgage and the insurance and the upkeep?
And then the month after that, you're only paying interest on $9,000, right?
Otherwise, you're going to pay interest on $10,000, $10,000, $10,000, $10,000 until you accrue that.
So the actual amount of interest you're paying goes down, too.
All right, today's question comes from Denise in South Carolina, and it's a good one.
Denise writes, I'm 76 and I have two children, a daughter that's 45 and a son who's 47.
My will divides my assets equally, which is how I want it to be structured.
My daughter is and always has been irresponsible with money.