
NerdWallet's Smart Money Podcast
Putting the "7% Rule" to the Test on a Real Mortgage. Plus, an Economist on Stubborn Food Prices
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On this episode
About this episode
Learn whether the "7% rule" for prioritizing debt payoff over investing applies to your mortgage. Plus: why your grocery bill keeps climbing. Hosts Sean Pyles, CFP®, and Elizabeth Ayoola talk with Max, a product designer in Portland who was laid off from his tech job earlier this year, about whether the so-called "7% rule" applies to something as big as a mortgage. They dig into when refinancing a 7.2% mortgage actually makes sense, why Max shouldn't wait to pay off his home before investing, whether to grow his emergency fund from six months to nine given the volatility in tech hiring, and how much cash is too much to hold outside the market. Then, NerdWallet's Anna Helhoski talks with…