Fastlaners:
I'm about to get a check from a family member's life insurance policy, and I wonder how best to use it. I could ask Suze Orman, but I want to hear some fastlane thoughts. Here's the situation:
Thanks, in advance for your creative ideas!
*BTW, if you tell me to invest in my business, tell me what specifically you would do. I've already dumped a lot of money into that hole (see Item #3 above.)
I'm about to get a check from a family member's life insurance policy, and I wonder how best to use it. I could ask Suze Orman, but I want to hear some fastlane thoughts. Here's the situation:
- I have a positive net worth, with most of my money tied up in a non-cash-flowing investment condo. Mortgage @5.75%.
- I have five digits of student loan debt @4%.
- I have five digits of credit card debt @8%.
- I have a stellar credit score, and and above-average-paying job.
- I have my cute li'l company and my cute li'l book producing negligible income.
- In a week, I'll receive a check for almost five figures.
Thanks, in advance for your creative ideas!
*BTW, if you tell me to invest in my business, tell me what specifically you would do. I've already dumped a lot of money into that hole (see Item #3 above.)
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