Podcast Appearances
Neither of those credit cards are interest-free right now, but that will end next June.
Neither of those credit cards are interest-free right now, but that will end next June.
One-time deal, so I'm done with that. And then I, unfortunately, I had to have a high deductible insurance in 2024. So now I'm going to have a total of, right now I'm at 7,100 of medical bills that are going to be coming due next year. And my complete and entire life savings is 97,500. Okay. And so my question is,
One-time deal, so I'm done with that. And then I, unfortunately, I had to have a high deductible insurance in 2024. So now I'm going to have a total of, right now I'm at 7,100 of medical bills that are going to be coming due next year. And my complete and entire life savings is 97,500. Okay. And so my question is,
What strategy would you recommend I use to pay off this debt and rebuild savings or work on that?
What strategy would you recommend I use to pay off this debt and rebuild savings or work on that?
I have it in a high-yield savings account at 4.8% interest. Okay.
I have it in a high-yield savings account at 4.8% interest. Okay.
Correct. How are you doing with your... And it would be living expenses for... My living expenses are quite low except for... I actually spend a lot on groceries and supplements because I have to buy, you know, organic food and grass.
Correct. How are you doing with your... And it would be living expenses for... My living expenses are quite low except for... I actually spend a lot on groceries and supplements because I have to buy, you know, organic food and grass.
So my total expenses are coming out around $2,500. Okay, good.
So my total expenses are coming out around $2,500. Okay, good.
Without the debt.
Without the debt.
Well, starting on January 1st, I'm going to be on Medicare. Okay. So I have a very, that'll help. And I, it's only, it'll be 255 a month. Um, and they cover a lot. I mean, I'm going to still have some co-pays and things, but.
Well, starting on January 1st, I'm going to be on Medicare. Okay. So I have a very, that'll help. And I, it's only, it'll be 255 a month. Um, and they cover a lot. I mean, I'm going to still have some co-pays and things, but.