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Money Rehab with Nicole Lapin

"My Debt Is Bigger Than My Income. What Should I Do?" (Listener Question)

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.61.7K Ratings

🗓️ 28 September 2023

⏱️ 16 minutes

🧾️ Download transcript

Summary

Nicole answers a question from a Money Rehabber whose debt outweighs her income. Her plan to repay her student debt was to pursue a career as a pilot, but flight courses were so expensive she could no longer continue the program. Nicole gives suggestions for how to tackle the debt once and for all. For the Money Rehab episode with a bankruptcy lawyer, click here: https://link.chtbl.com/BXsfSHGq  For the Money Rehab episode on negotiating the interest rate on your credit card, click here: https://link.chtbl.com/vHRLJoaQ

Transcript

Click on a timestamp to play from that location

0:00.0

So I hate to be that person that always talks about how busy I am, but I'm gonna be that person

0:04.6

for a second because I am really busy. And that's why I use HelloFresh. They're quick and easy

0:09.1

recipes, 15 minute meals, get me a tasty nutritious dinner on the table. In less time than it takes

0:14.6

to get, take out or delivery, and trust me, I have typed it. When I got my most recent vegetarian

0:19.7

box, there was a recipe for a delicious bowl in there that was too good to keep to myself,

0:24.8

so it inspired me to call a girlfriend, invite her over for dinner so we could share it together.

0:29.3

I probably would have otherwise just ordered something greasy or microwaved something quick

0:34.4

and scarfed it down in front of the TV or scrolling on my phone. But having that nutritious,

0:39.6

beautiful HelloFresh recipe there inspired me to not only feed my body, but feed my soul by

0:47.2

catching up with my friend. Go to HelloFresh.com slash 50MoneyRehab and use the code 50MoneyRehab

0:54.0

for 50% off plus 15% off the next two months. That's HelloFresh.com slash 50MoneyRehab,

1:01.1

that's the numbers, 50MoneyRehab for 50% off plus 15% off your next two months. HelloFresh,

1:07.7

America's number one meal kit.

1:13.7

I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

1:18.8

It's time for some money rehab.

1:27.0

You've heard the added you've got to spend money to make money, right?

1:30.4

Normally this is applied to business, but it's also true with education.

1:34.3

There are just some careers with massive money making potential that come with really big ticket

1:39.0

education costs, like becoming a lawyer or a doctor, for example. But how the heck are you

1:44.7

supposed to spend like a lawyer or a doctor before you actually become one? A money rehab

1:50.6

are wrote in with a question on this very topic. She wanted to stay anonymous, so I'm going to

1:54.8

call her Tessa and our producer is going to read her question. Hey Nicole, here's my question.

...

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