What to Do With Extra Money
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 10 September 2019
⏱️ 8 minutes
🧾️ Download transcript
Summary
You've got some extra money in the bank so what should you do with it? Pay down the student loans? Pay down the mortgage? Or invest it in a brokerage account? That's the scenario with Mike from Illinois on the latest bonus call.
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Transcript
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| 0:00.0 | Welcome to the Jill on Money Call of the Week. We are presented by |
| 0:07.1 | Marcus by Goldman Sachs. If you'd like to get on the air with us and ask us any |
| 0:12.3 | financial issue that is bothering you. |
| 0:15.0 | Or maybe it's not bothering you want a second opinion. |
| 0:18.0 | Maybe you need me and Mark to be like your marriage counselors |
| 0:22.0 | and try to make sure that we get you guys on the same page. |
| 0:25.8 | Maybe you're just a Singleton and you would like just generalize financial advice. |
| 0:29.7 | Let us know. |
| 0:31.0 | Ask Jill at Jill on Money.com. |
| 0:33.7 | Ask Jill at Jill on Money. |
| 0:36.6 | That's what Mike did. |
| 0:37.6 | He is calling from Illinois. |
| 0:39.5 | Hello Mike, how can I help you out? |
| 0:42.3 | Hello, Jill, first thanks for having me on. |
| 0:45.0 | My wife and I have what I would consider to be in excess of funds in our bank accounts that |
| 0:50.4 | aren't earning much interest, and I'm wondering what your thoughts are |
| 0:53.9 | on what we should do with it in terms of paying down some debt paying down our mortgage |
| 0:58.3 | or investing investable assets okay great, how old are you? 37. |
| 1:03.0 | How old is she? |
| 1:04.0 | 36? |
| 1:05.0 | Kids? |
| 1:06.0 | No. |
... |
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