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Tax Refunds and How To Use It Wisely
If you have the opportunity to pay OFF debt with what you get as a refund, DO IT. If the debt is higher than the refund, I’d put it into savings, use it as a emergency fund, or invest it.
In 2018 we broke up with our past life. Fed up with Interest payments, debt, student loans, etc we decided to make changes. Drastic changes. We set out on a mission for financial independence, bought a RV and traveled fulltime. We worked as nomadic healthcare professionals on the road. In 3 short years of fulltime RV and travel life, we successfully paid off more than $600,000 worth of debt, increased our net worth, changed our financial futures, and started a family. Today, we are still pursuing FI with a focus on retiring early and share our experiences as new parents, real estate investors, property managers, CRNA, Application Specialist, and Financial Coaches. Follow along on our journey!
If you have the opportunity to pay OFF debt with what you get as a refund, DO IT. If the debt is higher than the refund, I’d put it into savings, use it as a emergency fund, or invest it.