John (Caller)
👤 SpeakerVoice Profile Active
This person's voice can be automatically recognized across podcast episodes using AI voice matching.
Appearances Over Time
Podcast Appearances
So we took out a HELOC last year to...
make some upgrades around the house, and also to put a practice baseball field in our backyard.
Well, the HELOC, we under-budgeted, so we ran out of the HELOC, and we still need probably another $5,000 or $6,000 to get... How much did you spend on your field of dreams?
If you build it, you will come.
About $40,000 of the HELOC went towards the ball field, and about $30,000 went towards the well and pump that we needed to put in anyway for our residences.
Well, yeah, we're really hot and heavy in step two.
We've already tackled about $25,000 in debt within the last 30 to 40 days.
About another eight months.
Yeah, yeah, that's the hard part, right?
I think we'd earn about $2,000 per month renting it out, but it would take another $6,000 or so to finish it.
And each month we have about $4,000 left over from income to pay towards that.
Who are you renting a baseball diamond to?
They are in high demand out here.
It's hard to find fields to practice on.
Like little kids?
No, whether it's a lot of youth teams.
No, if I rented out 20 nights a week, $100 for a few hours.
Okay, so two questions.
I'm looking for some advice and a career change.
And I also transitioned from whole life to term life, and I kind of want to know what to do with the money that they're going to send back to me.