Timothy Plan Ad Voice
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Podcast Appearances
No. So in two years, so they had to go to court with the IRS. The IRS said, fine, we're going to forgive everything. You cannot make any extra money for five years. So three years, and this was three years ago. So they had this house. I said, okay, well, I need a house. We agreed on a price, and I gave them some money down, and then I pay them a monthly payment.
And at that five-year mark, the agreement is either I'll take out a mortgage to finish paying what I owe, or I'll have the money, or whatever it takes. And then they can deed it over to me.
And at that five-year mark, the agreement is either I'll take out a mortgage to finish paying what I owe, or I'll have the money, or whatever it takes. And then they can deed it over to me.
And at that five-year mark, the agreement is either I'll take out a mortgage to finish paying what I owe, or I'll have the money, or whatever it takes. And then they can deed it over to me.
sure oh that makes it george okay hey it's just a national radio show what do i know okay so what is your question timothy uh if uh if i should sock what i owe them away into a savings account so when the day comes that they can beat the house to me i could just pay them off or uh should i be investing and then take out a mortgage you're talking about not paying them anymore
sure oh that makes it george okay hey it's just a national radio show what do i know okay so what is your question timothy uh if uh if i should sock what i owe them away into a savings account so when the day comes that they can beat the house to me i could just pay them off or uh should i be investing and then take out a mortgage you're talking about not paying them anymore
sure oh that makes it george okay hey it's just a national radio show what do i know okay so what is your question timothy uh if uh if i should sock what i owe them away into a savings account so when the day comes that they can beat the house to me i could just pay them off or uh should i be investing and then take out a mortgage you're talking about not paying them anymore
No, I would still make the monthly payment, but just put extra away every month.
No, I would still make the monthly payment, but just put extra away every month.
No, I would still make the monthly payment, but just put extra away every month.
About seven months.
About seven months.
About seven months.
That would take about another three to four months.
That would take about another three to four months.
That would take about another three to four months.
Okay. I could have all of the money in about 25 months. That includes student loans and the house, all in 25 months.
Okay. I could have all of the money in about 25 months. That includes student loans and the house, all in 25 months.
Okay. I could have all of the money in about 25 months. That includes student loans and the house, all in 25 months.
I think so, yeah. We save about $5,000. Well, we pay about $5,000 a month now towards student loans.