Drowning in Credit Card Mess
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 9 August 2023
⏱️ 16 minutes
🧾️ Download transcript
Summary
I have $55,000 in consumer debt, yet I have plenty of assets, including plenty of accessible cash. Should I just wipe the slate clean?
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Transcript
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| 0:00.0 | Welcome to the Jill on Money Show. It's Wednesday, August 9th, and we are here trying to help |
| 0:09.8 | you make better. It doesn't have to be the best, better financial decisions. It does not |
| 0:15.0 | have to be the best. I keep emphasizing that. And I just want to thank everybody for |
| 0:20.7 | really coming back every single day, listening to the program, but also comments that are so |
| 0:25.6 | interesting. Mark, did you get any feedback from when I read the email from the economist |
| 0:31.9 | about the woman whose husband called about her their daycare and went then the women leaving |
| 0:37.7 | the labor force? Did you get any feedback from that? No, I don't think I did. Nothing that's |
| 0:41.8 | jumping out of me now. So I must, of course, this is obviously shows you like where the funnel is |
| 0:47.2 | on my life. But I got a number of texts from friends of mine, which I thought was kind of funny |
| 0:53.6 | because, you know, I guess that to me, like, you know, my friends who listen to the show, of course, |
| 0:59.1 | they always know what's going on. But, you know, they that seemed, that segment was very resident |
| 1:05.4 | to a number of my friends. And one of my friends who was listening to the pod as she was traveling |
| 1:11.6 | for work, she goes, it's such a huge issue for my firm. We are losing people all the time for |
| 1:17.7 | this exact reason, which is women leaving the workforce. They want to take care of their kids. |
| 1:21.7 | They don't have the right daycare issues. I think that there's something here, especially about |
| 1:28.0 | these people who have real desires to have a career. And it may not even be, you know, this |
| 1:35.1 | particular person who wrote me makes a ton of money. But it could be that you don't make so much |
| 1:39.6 | money. And you start to feel like, well, maybe it doesn't make sense. And I loved the fact that |
| 1:43.4 | the economist who wrote in said, you know, it's not just the income. Well, first of all, it's like |
| 1:48.2 | your psyche. Second of all, it's the long-term benefits that you can accrue. And there is also |
| 1:54.4 | something to be said about the connection to the labor force begets more opportunities. |
| 2:01.2 | Because once you leave the labor force, it's a really tough thing to get back in, which is why |
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