4.6 • 682 Ratings
🗓️ 25 December 2023
⏱️ 5 minutes
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0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. John is starting off this hour in Chicago. |
0:09.1 | Hi, John. How are you? Doing well. Good. What's up? So I was a sucker and I bought a motor home when I got a remote job that paid a lot more. |
0:23.8 | And, of course, I traveled all over the United States in the last couple of years. |
0:27.3 | But I realized that I want to get out of debt. |
0:31.4 | I want to get away from that. |
0:32.9 | And, of course, I want to get rid of the motorhome. |
0:36.2 | And that seems to be hard without, you know, just trying to sell it. |
0:39.3 | So I'm just seeing what my options are. |
0:41.8 | What do you owe on the mobile home? |
0:44.6 | $70,000. |
0:47.0 | And what's it worth? |
0:49.7 | It's worth probably about between $60, $65. |
0:54.7 | Okay, that's not too bad. |
0:56.2 | You have any money? |
0:58.5 | Don't have much money. |
1:00.4 | How much do you have? |
1:02.9 | I had about 5,000 that I could put towards it. |
1:05.8 | So you could close the gap and sell it? |
1:10.3 | Yeah, and that was my first initial thought, too. |
1:13.4 | I had thought about just going to go back to the bank, |
1:15.7 | but I wasn't for sure what to do with that. |
1:18.6 | Oh, you don't let it go back. |
... |
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