4.6 • 682 Ratings
🗓️ 18 June 2024
⏱️ 9 minutes
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0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
0:06.6 | I'm 36 years old, and I just need an advice on. I've racked up about a million dollar debt before I apparently started listening to you guys. |
0:16.5 | Wow. |
0:16.9 | My mortgage from $900 a month has gone up to about $4,500 a month. |
0:26.6 | And I'm just trying, I'm just very concerned because I've been constantly listening to you guys |
0:32.3 | and Dave to see, okay, what's the best way to tackle some of this? I've got two investment |
0:38.4 | property in my family house, and I'm trying to combine all and, you know, with the current |
0:44.4 | market, I just don't feel like I should sell. So what would be the best advice in terms of |
0:50.3 | getting, you know, financially out of the situation, I guess. |
0:55.4 | So when you say you have a million dollars in debt, is that consumer debt? |
0:58.6 | Are you including all of these mortgages? |
1:01.2 | Just the mortgages. |
1:02.6 | I had some car loans as soon as I started listening. |
1:06.5 | I had the money already saved up. |
1:09.8 | So I paid off my car. It was about $1,200 in the car loan that was left. I was planning to buy another car. I stopped that already. So I've got a two under three-year-old baby. So I was planning to buy a minivan already stopped that plan |
1:28.4 | okay so you have no consumer debt you just have a mortgage and then a rental mortgage and |
1:33.0 | another rental mortgage correct and you're saying your total payments add up to 4500 a month or |
1:38.1 | is that just on the one mortgage just on my primary house mortgage both the other houses |
1:43.4 | the investment properties are more or less self-sustaining. |
1:46.8 | The other one, |
1:47.5 | I have got a bit of a positive cash flow |
1:49.6 | for about $900 a month. |
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