MtoM #294: This Couple Paid Cash for a $200,000 Camper Van

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Should you ever save up and pay cash for something as expensive as a $200,000 custom camper van, or does that break every rule of personal finance? In this Milestones to Millionaire episode, Teresa, a child and adult psychiatrist, and Pete, a family medicine physician, share how they paid entirely in cash for their dream RV rather than financing it at a rate close to 9 percent. They walk through how they paid off all student loans first, then spent two years aggressively saving while waiting on the van's custom manufacturing waitlist, treating it as a kind of pre-home home before eventually buying two properties, including a $1.6 million house in Orange County. Pete and Teresa also open up…