How to Prioritize Debt

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Business, Investing, Education

4.6 • 1.8K Ratings

🗓️ 11 February 2020

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

When you have $90,000 in student loans, yet make a very good salary, what should the priority be? Should you be throwing every penny at the $90k, or can you also start building up the emergency reserve and perhaps save for a down payment on a house? That's the discussion with Kaeli from California. 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 Call of the Week. We are presented by Marcus by
0:07.8	Goldman Sachs. This is your opportunity to pick our collective brains.
0:13.0	Both Mark and I are certified financial planners.
0:16.0	I used to be in the business of giving financial advice for a living.
0:20.0	Now I just talk about a lot of this stuff.
0:22.0	Mark is certified but not really using it. Now I just talk about a lot of this stuff.
0:22.6	Mark is certified but not really using it professionally except for on this show,
0:26.6	which shows you how fantastic and devoted he is.
0:29.6	We would love to help you out.
0:31.8	All you have to do is send an email. Ask Jill at
0:35.2	Jill onmoney.com. That's what Kayley did. She is on the line. She's calling
0:40.0	from California. Hi Kayley, how can I help you out? Hi, yeah, I am, so I have just started
0:45.7	my career a couple years ago, I graduated from law school two years ago, and I am trying
0:51.0	to figure out what is the best way for me to move forward.
0:54.8	Should I be maxing at my 401k?
0:57.2	Should I be focusing on my student loans?
0:59.6	Should I have a safety fund or start waiting for a down payment on a house.
1:04.4	Wow, that's a lot of questions, Cayley.
1:06.3	So let's start with this.
1:08.6	First of all, so congratulations being a working attorney.
1:12.0	How much do you earn right now about 175 a year
1:15.8	175 that's great does the are you working for a law firm or a company right now
	...

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