Investing Extra Money
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 23 October 2018
⏱️ 10 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
Summary
You just sold a piece of real estate and walked away with 75 grand. What should you do with it? Is paying down another mortgage the best option? That's the question from John in Houston on the latest BONUS call. Have a money question? Email me here. “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in Apple Podcasts. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ http://www.stitcher.com/podcast/jill-on-money https://apple.co/2pmVi50
Transcript
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| 0:00.0 | Welcome to the Better Off Bonus Call of the Week. |
| 0:06.2 | We're sponsored by Betterment, the largest independent online financial |
| 0:10.0 | advisor. |
| 0:10.8 | This is where I get to answer your questions, whatever they could be, anything |
| 0:15.1 | going on in your financial life. |
| 0:17.2 | The easiest way to get in touch with us, ask Jill at better off podcast.com. |
| 0:21.8 | Again, very easy. to send an email. |
| 0:23.8 | Ask Jill at Better Off Podcast. |
| 0:25.8 | That is what John from Houston did. |
| 0:29.3 | John, welcome to the program. |
| 0:30.8 | What can I do for you, sir? Hi, you sir I am so excited to talk with you today |
| 0:35.7 | all right me too I have I have what I think is a good problem I have some money |
| 0:41.3 | extra money that I don't know quite what to do with. I had a rental |
| 0:45.8 | property that was my bachelor pad before I got together with my husband that we sold two weeks ago. |
| 0:50.8 | Congratulations! Thank you very much. |
| 0:54.0 | I was tired of being a landlord, so I'm done with that. |
| 0:58.0 | So we received $75,000 from that sale. |
| 1:01.0 | I have two options that are kind of obvious with what to do with that money. |
| 1:05.0 | We on our primary home right now, we have our primary mortgage and then we have a secondary mortgage. |
| 1:11.0 | We split it to avoid a Jumbo loan when we bought that house. |
| 1:15.4 | My other option is my mother's retiring next May and her mortgage, remaining mortgage is about |
| 1:21.4 | $75,000 as well. |
... |
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