Brought to you by the Every Dollar app. Start budgeting for free today. So I'm in a little bit of a

situation here. I am following your baby steps and I'm currently have about 10,000 in debt in my car

and I'm planning to pay that off soon. But I'm thinking about the next baby step, which is just trying to pay the house off as fast as I can.

Right.

So with that said, what is my situation right now?

I have about $50,000 in the stock market.

And that $50,000, i'm using the stocks that i

have to put um cover calls on my stocks therefore um it generates me about two thousand dollars

per month being very conservative right and i'm i'm a little divided because I can put that money back into the stock and make

even more put more contracts onto that stocks and make more money or I can direct all that

premium that I receive for the stocks towards the the payment of the car and the house so I

like to you know get a perspective from you what would be the best way to go about that.

I don't think you have any concept of how much risk you're taking.

Okay.

You've hit with your covers.

You haven't had a problem yet.

And as soon as you miss one of those covers, you're going to realize that 2000 is not

your worst case scenario conservatively. A negative 10,000 is your worst case scenario. Right.

Yeah, you're playing dice in Vegas. And you feel, and you feel like you're taking no risk at all because you think you've got it figured

out.

Yeah, you left out a very important word and a very important side of the equation.

You didn't even, you said, I can make.

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