4.6 • 682 Ratings
🗓️ 4 April 2025
⏱️ 8 minutes
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0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
0:06.7 | I am on Baby Step 2. I have been on Babysept 2 for about a year. My conundrum is I have an opportunity |
0:16.3 | to take a job in a really remote location, really far away from family. |
0:23.6 | My kids are grown, but I was widowed about 25 years ago and raised them all on my own. |
0:29.6 | But the positive to all of this is that it comes with a lot of financial benefit to help out with student loan debt and such. |
0:41.6 | And I'm kind of feeling guilt for wanting to do this, going so far away from family, for financial. |
0:51.1 | So I'm kind of like, is it loving money that I want to do this for or does it |
0:55.9 | you're you love freedom and you're wanting to be free of the debt right that's not loving |
1:00.8 | money that's wanting to be free that's a valid sacrifice that's a valid thing so the you know |
1:06.3 | it's what I always look at on something like this is, um, what's the, uh, the return on the effort |
1:14.3 | and what's the time frame? Because I could do anything for a short period of time. I don't want to |
1:19.6 | sign up for 10 years in Uganda or whatever it is, right? I mean, no thank you. Two years. Two years. |
1:27.1 | And how much, how much do you make now? How much would |
1:30.1 | you make if you did this? And how fast were you get out of debt? Well, it would basically give |
1:36.1 | roughly about $100,000 toward my student loan debt. So it would cut it over half. And it would |
1:43.9 | give me a lot of financial freedom |
1:45.8 | after that two years like coming back and actually being able to spend time with |
1:50.3 | grandkids and such so you you would be debt free after two years close to debt |
1:55.3 | free yeah I would probably still have maybe about thirty thousand dollars in |
1:59.4 | student loan debt. |
2:02.0 | But yeah. |
2:05.2 | And if you stay the course you're on now, how long would it take to pay off the debt? |
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