The Rate Wealth Podcast

The Biden administration announced a handful of new rules pertaining to student loans.  This update focuses on those updates and what they mean to you.

We've been asked by many young professionals if they should be buying a house right now or waiting.  Everybody should buy when they feel ready.

However, home affordability is at a 40 year low!  Therefore, I decided to dig into my old valuation bag to predict how much I think housing prices are going to drop.

This was a back of the napkin type of valuation but will give us a good feel of what we can expect.

Be sure to subscribe to the podcast and check out FitBUX.com to help on you journey towards financial freedom.

Check out our weekly financial update centered around student loans, home ownership and investing.

The update comes out every Friday so be sure to subscribe.  If you need help getting to financial freedom, be sure to become a FitBUX Member at https://www.fitbux.com.

FitBUX's weekly update for student loans, investments, and home buying.  

Each quarter Josh Mettle of Neo Home Loans joins FitBUX to discuss the real estate market. On this update, Joe and Josh discuss current interest rates, adjustable rate mortgages, strategies, and various markets.

Be sure to check out FitBUX's new home ownership technology as well as Neo Home Loans.

You're going to see a lot of different things on the internet.  And it's sometimes very challenging to distinguish what's real and what's been glorified. 

Here's an example of a click bait headline  - "Only 32 student loan borrowers have ever qualified for full debt forgiveness under income drive repayment."  It is misleading.  Listen in to understand why Joe is discussing this.

Should you be using an adjustable rate mortgage to buy a house?  Joe discusses ARMs in the podcast.

Specifically, he discusses:

- What an adjustable rate mortgage is - Key terms to know - Types of ARMs - When to use one and when not to - One big mistake to avoid - Why interest rates on ARMs are lower than fixed rate mortgages

This weekly financial update centers around financial topics that are relevant to Young professionals (age 20 - 40). We mainly discuss student loans, investments, and home buying.

You have questions about the latest student loan program changes, we're going to try to provide those answers here in this Podcast. 

• Details on the 10K,
• Changes in the income driven repayment plans
• what we know and what we don't know
• etc

What do you do with all your extra time that you created after doing the "40 days and 40 nights"?  This is another Mindset episode.  If you haven't heard the first 3 mindset episodes listen here, here and here (or the links below).

If you applied the "40 days and 40 nights" theory, then you likely have more extra time on your hands, in addition to extra cash flow.  However, how do you use that extra time productively?  This episode will discuss how to decide what to do with all that extra free time.

Prior Mindset podcasts: