THE SCENARIO
This Money Blog is a little different than some of the others and covers a couple of things which may be new to you. It's okay, don't freak out, I'll try to explain everything in detail. However, I'm going to abbreviate some of the details to simplify the problem and make the concepts easier to grasp.
I've got a friend (call her Jill)
who has a HELOC (a Home Equity Line Of Credit) that's about to have its payment go up quite dramatically, and this will cause her some month-to-month cash flow issues for the next 10 years. I've got another friend (call him Tom) who wants to start investing, but doesn't have a pile of cash to plunk down. He does, however, make more money per month than he spends, and he'd like to invest...
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