Financial Literacy

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 12 October 2020

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What better gift to give than that of financial literacy? I can't think of a better feeling than to set somebody off, especially somebody young, on the right financial path. It's the gift that keeps on giving. Have a money question? Email me here. Please leave us a rating or review in Apple Podcasts. "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to the Jill on Money Podcast. It is Monday, October 12th and on my Google
0:10.9	calendar it says two things.
0:14.8	Just want to make sure everyone gets this.
0:16.4	Columbus Day and Indigenous People's Day.
0:20.1	So it's both.
0:21.0	Whatever you are actually celebrating, we wish you a happy, whichever one.
0:28.0	Now for everyone else, most of you are working anyway because it's not as if offices are usually closed for Columbus Day, but I think some schools are so maybe you're home with your kiddos and this is the way you escape. I hope so for your sake.
0:41.0	If you've got a financial question and we are part of your escape plan. for your
0:44.3	escape plan.
0:45.3	escape plan just send us an email. It's Ask Jill at Jill on Money.
0:49.3	Ask Jill at Jill on Money.com.
0:49.9	Ask Jill at Jill on Money.com.
0:53.5	Okay, let's start with Christine, who says,
0:56.4	hello, we are three years into a fixed mortgage
0:59.1	on a second home.
1:00.9	We're considering switching to an interest-only mortgage. Our small business income has decreased
1:06.7	due to the current state of the country. We're looking to increase our cash flow, decrease
1:11.1	our monthly expenses. Would you recommend this path or is an interest-only mortgage?
1:16.7	Always too much of a risk.
1:18.6	Christine, it's not always too much of a risk but I need to know more information. I feel like we need to
1:26.4	understand number one what is the value of the home number two what is the outstanding
1:31.7	mortgage amount the outstanding mortgage amount?
	...

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