Mandy (Caller)

Remember when the Vance family gave us another thing to make fun of them for last month when Usha Vance started a podcast where she's going to read to children despite the fact it seems like she's just mad or in a hostage situation.

Either way, never read to children.

I'm here to report that there's like five more episodes and they've only gotten worse.

So enjoy.

Hello, Dave, Christina.

Thank you so much for all you do.

I appreciate the opportunity to pick your brain here today.

So I had a hard year last year, as many of us did, and it left me in about $43,000, well, what is now $43,000 of personal debt.

I also have about $113,000 in school loans.

Just started, you know, learning, picked up your book and listening to your podcast, etc.

So I'm starting to snowball.

I got my emergency fund a little bit higher than the thousand, starting to snowball and starting to get the hunger, right?

Like starting to get the hunger to get out of that all the way.

I have a little over 100K in my 401K.

I'm a good earner.

And my question to you is, should I cash out, well, not cash out, rather, borrow against myself?

Fee is only $50, and the interest I pay back to myself, 3.5%.

So should I borrow against my 401k to get out of debt?

$175, plus I get bonuses.

Yeah, yeah, I think so.