Joanne (Caller from Baltimore)

Hi. So my question is that my husband and I, we just got an assessment of our home equity. And so it's right now at a point where if we were to sell our home right now, our primary residence, we would be able to pay off completely our student loan. And then that would make us completely out of debt. and still give us like a little something left over.

Hi. So my question is that my husband and I, we just got an assessment of our home equity. And so it's right now at a point where if we were to sell our home right now, our primary residence, we would be able to pay off completely our student loan. And then that would make us completely out of debt. and still give us like a little something left over.

Hi. So my question is that my husband and I, we just got an assessment of our home equity. And so it's right now at a point where if we were to sell our home right now, our primary residence, we would be able to pay off completely our student loan. And then that would make us completely out of debt. and still give us like a little something left over.

But we're just trying to figure out like what's the best financial decision because we just don't know. And, you know, it's our home. Yeah, it's a big deal.

But we're just trying to figure out like what's the best financial decision because we just don't know. And, you know, it's our home. Yeah, it's a big deal.

But we're just trying to figure out like what's the best financial decision because we just don't know. And, you know, it's our home. Yeah, it's a big deal.

So the student loan is about like $85,000. And on the lowest end, the home equity is sold would be around like $124,000. And on the highest end, it would be $157,000 is what the assessment said.

So the student loan is about like $85,000. And on the lowest end, the home equity is sold would be around like $124,000. And on the highest end, it would be $157,000 is what the assessment said.

So the student loan is about like $85,000. And on the lowest end, the home equity is sold would be around like $124,000. And on the highest end, it would be $157,000 is what the assessment said.

Like, his thing was that, like, because right now we're just paying, like, the minimum amount on it just because we're, like, we're putting to savings. And someone was saying, like, oh, well, maybe if you get your savings to the, because we're trying to get it to, like, a three-month reserve.

Like, his thing was that, like, because right now we're just paying, like, the minimum amount on it just because we're, like, we're putting to savings. And someone was saying, like, oh, well, maybe if you get your savings to the, because we're trying to get it to, like, a three-month reserve.

Like, his thing was that, like, because right now we're just paying, like, the minimum amount on it just because we're, like, we're putting to savings. And someone was saying, like, oh, well, maybe if you get your savings to the, because we're trying to get it to, like, a three-month reserve.

So they were, like, if you get your savings to a three-month reserve by the end of the year, like you say you're trying to do, then you can just put more towards it because Like the thing basically he was saying, like, well, right now we're just maintaining the loan is not going anywhere. Right.

So they were, like, if you get your savings to a three-month reserve by the end of the year, like you say you're trying to do, then you can just put more towards it because Like the thing basically he was saying, like, well, right now we're just maintaining the loan is not going anywhere. Right.

So they were, like, if you get your savings to a three-month reserve by the end of the year, like you say you're trying to do, then you can just put more towards it because Like the thing basically he was saying, like, well, right now we're just maintaining the loan is not going anywhere. Right.

You said how much am I putting towards savings per month?

You said how much am I putting towards savings per month?

You said how much am I putting towards savings per month?

And the savings right now is seven something.

And the savings right now is seven something.

And the savings right now is seven something.

A little over seven thousand.

A little over seven thousand.

A little over seven thousand.

I mean, we don't really have any other consumer debt. It's mainly like our kids schooling because they're in private school. And like I said, he's an entrepreneur. So like my my job is really the only job that's like more consistent than anything.

I mean, we don't really have any other consumer debt. It's mainly like our kids schooling because they're in private school. And like I said, he's an entrepreneur. So like my my job is really the only job that's like more consistent than anything.

I mean, we don't really have any other consumer debt. It's mainly like our kids schooling because they're in private school. And like I said, he's an entrepreneur. So like my my job is really the only job that's like more consistent than anything.

So it was $80,000 altogether, but then things were written off. So, I mean, I don't know. My income was about $154,000.

So it was $80,000 altogether, but then things were written off. So, I mean, I don't know. My income was about $154,000.

So it was $80,000 altogether, but then things were written off. So, I mean, I don't know. My income was about $154,000.

That's correct. Yeah. I mean, he's not making it. Yeah.

That's correct. Yeah. I mean, he's not making it. Yeah.

That's correct. Yeah. I mean, he's not making it. Yeah.

He's paying himself, but he's right. So most of it is being written off in terms of like expenses from what he's making, from what he's bringing in, like expenses for his business.

He's paying himself, but he's right. So most of it is being written off in terms of like expenses from what he's making, from what he's bringing in, like expenses for his business.

He's paying himself, but he's right. So most of it is being written off in terms of like expenses from what he's making, from what he's bringing in, like expenses for his business.

I mean, I, I get what you're saying. It's not that you're necessarily speaking another language. It's just, I mean, I just feel we're like, we're of the mindset, like we're, we're a team. So I know you're a team.

I mean, I, I get what you're saying. It's not that you're necessarily speaking another language. It's just, I mean, I just feel we're like, we're of the mindset, like we're, we're a team. So I know you're a team.

I mean, I, I get what you're saying. It's not that you're necessarily speaking another language. It's just, I mean, I just feel we're like, we're of the mindset, like we're, we're a team. So I know you're a team.

Oh, he's in entertainment. He makes movies.

Oh, he's in entertainment. He makes movies.

Oh, he's in entertainment. He makes movies.

Yeah, he does. He makes movies and he does commercials.

Yeah, he does. He makes movies and he does commercials.

Yeah, he does. He makes movies and he does commercials.

Yes, sir.

Yes, sir.

Yes, sir.

No, he does both. And how long has he been doing it? Yeah. Um, completely, I would say probably for the last 10 years, he's like been building this business.

No, he does both. And how long has he been doing it? Yeah. Um, completely, I would say probably for the last 10 years, he's like been building this business.

No, he does both. And how long has he been doing it? Yeah. Um, completely, I would say probably for the last 10 years, he's like been building this business.

Um, I'm going to tell you this success in the last maybe five to seven years, I would say.

Um, I'm going to tell you this success in the last maybe five to seven years, I would say.

Um, I'm going to tell you this success in the last maybe five to seven years, I would say.