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Jill on Money with Jill Schlesinger

What to Do With Home Sale Proceeds?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Education, Business, Investing

4.61.9K Ratings

🗓️ 12 November 2021

⏱️ 11 minutes

🧾️ Download transcript

Summary

Thanks to a recent home sale in this hot housing market, you've basically got $500k to play with. What should you be doing with the money? 

Have a money question? Email us, ask jill [at] jill on money dot com.

Please leave us a rating or review in Apple Podcasts.

"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Jill on Money Show.

0:06.1

It is Friday, November 12th.

0:08.9

Friday, Mark, you know how much I love my Fridays.

0:11.4

I love, love, love them.

0:13.2

Mark, you know what?

0:14.1

I noticed that we got a little info out from the New York Federal Reserve.

0:21.0

It's always fascinating to me to read some of these statistics.

0:26.2

The household debt climbed to over $15 trillion in the third quarter.

0:33.6

Now, that's going to be seen as a good sign.

0:37.1

You know, obviously it's mortgage debt.

0:40.4

There is a lot in student loans. I got our, here are the most recent numbers on student loans,

0:46.3

guys. Outstanding student loan debt, $1.58 trillion in the third quarter. So let's call it 1.6.

0:54.1

That's federal. There's also on top of that

0:56.6

private student loans. I'm going to get ready to pay those back. We're going to have to really do

1:01.3

a serious amount of boot camp around that mark. We're going to really have to remind people like,

1:06.2

okay, clock is ticking again. It's January. You got to pay these student loans down. Got to do it.

1:12.2

Anyway, if you've got a financial question, this is the program for you. We would love to help you out.

1:17.7

Just go to jillonmoney.com and click the contact button. That will get you to us. Please tell us if you would

1:25.4

like to come on the air. Now, that's what Julie did. Julie,

1:28.9

you wrote into us and described a situation and then I did my annoying. We need more information.

1:34.9

So can you just recount a little bit what brings you to us? Yes, good morning. Thank you both,

1:41.4

Mark. And thank you so much, Jill. I really appreciate this. I was living

...

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