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Optimal Finance Daily - Financial Independence and Money Advice

1946: [Part 2] How I Survived Medical Debt by Andrea Joy

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.41.3K Ratings

🗓️ 3 July 2022

⏱️ 12 minutes

🧾️ Download transcript

Summary

Andrea Joy of Saving Joyfully talks about how she survived medical debt. This is part 2 of 2. Episode 1946: [Part 2] How I Survived Medical Debt by Andrea Joy of Saving Joyfully on Preparing For Healthcare Crises Andrea Joy is the creator of Saving Joyfully, a personal finance and frugality blog emphasizing joyful living. On her website, savingjoyfully.com, she offers inspiration and resources for your journey to financial freedom. The original post is located here: https://savingjoyfully.com/blog/how-i-survived-medical-debt Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Are you ready for a Monzo Business Bank account? Mike from Bluewater Plumbing was.

0:05.0

I need to get paid quickly, especially when I have five or six plumbing jobs in a day.

0:08.0

When I first used the payment link feature in my Monzo Business account,

0:11.0

I was impressed to how quick and easy it was. At the end of each job,

0:14.0

I'll just create a payment link, send it to the customer, and get paid then and there.

0:17.0

I can also track all of my payments in my get paid tab.

0:20.0

If you're ready for a Monzo Business account, apply today.

0:23.0

Just search Monzo Business, season sees apply.

0:26.0

Only sole traders or limited company directors in the UK can apply.

0:30.0

This is Optimal Finance Daily Episode 1946.

0:34.0

How I Survived Medical Debt Part 2 by Andrea Joy of SavingJoyfully.com.

0:40.0

And I'm your host and personal finance enthusiast, Diana Mariam.

0:45.0

Today's post is actually a continuation from yesterday.

0:49.0

So if you're new here, it'd be best to listen to yesterday's episode first.

0:53.0

But if you're all caught up, let's hear Part 2 and continue optimizing your life.

1:02.0

How I Survived Medical Debt Part 2 by Andrea Joy of SavingJoyfully.com.

1:09.0

Mistakes that I recommend you avoid.

1:13.0

Number 1. Choosing the lowest health insurance plan may save you a few dollars a week.

1:20.0

But even for the healthy, this can be a terrible decision.

1:23.0

Why? Because insurance is for these moments that happen and you never expect.

1:29.0

Accidents and unexpected health issues can really cripple your financial situation.

1:34.0

If you don't have insurance or you have insurance that only covers a small portion,

...

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