Ask Paula: How to Pay Off a $8,000 Medical Bill Without Going Broke

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 22 November 2023

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

#473: Sarah has cash to pay a $8,000 medical bill but she’s reluctant to drain her savings. Should she sign up for the hospital’s interest-free payment plan? Jennie is an independent consultant but gets paid as a W-2 employee. Without access to a SEP IRA or a 401k plan, is there another option to save for retirement? An anonymous caller is wondering how to run a cost-benefit analysis on pursuing a graduate degree. Brian is getting inundated with spam calls as a real estate investor. Is there a way to stop the madness? Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode. Enjoy! P.S. Got a question? Leave it at https://affordanything.com/voicemail For more information, visit the show notes at https://affordanything.com/episodes473 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Joe have you ever gotten a huge medical bill in the mail
0:02.9	very luckily i have not
0:05.1	uh... well
0:07.1	we're gonna answer your questions i have i have many, unfortunately many.
0:13.4	And we're going to answer some questions today
0:15.1	from a caller who is also dealing with that.
0:19.7	And well, I'm not going to spoil it.
0:21.9	So let's get to it. Welcome to the
0:24.0	Afford Anything Podcast, the show that understands you can afford anything, but not
0:27.4	everything, every choice that you make is a trade-off against something else and that applies to any limited resource that you need to manage
0:35.2	whether it's your money your time your focus your energy so what matters most and how do you make
0:42.0	decisions accordingly that's what this show is here to
0:44.9	explore. My name's Paula Pam, I'm the host of the podcast. Every other week I
0:49.3	answer questions that come from you, the community community and this week as always my
0:54.8	buddy the former financial planner Joe Saul C. High joins me to answer these
0:59.3	questions what's up Joe I am here I've got coffee I'm ready and I can't wait to help some people out
1:06.1	beautiful I got a cup of coffee too I've got I've even on the desk I've got some
1:12.1	macadamia milk. I've got some...
1:16.0	Do you put that in the coffee or do you use it as a chaser?
1:20.0	Oh, I've got collagen peptides. I put that in the coffee as well.
1:24.6	So yeah, I'm ready to go.
1:25.8	Because who doesn't like a good collagen peptide once in a while?
	...

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