Happppy Monday everyone!!
You’re in luck as I heard a Financial Fairy was going around granting people wishes today – free of charge! – but you could only pick one of two options…
Would you rather….
Have ALL your student loans completely wiped away?! (If you don’t have student loans, you can choose your mortgages/cars/credit card/etc)
– OR –
Get free healthcare from now until the end of your days?
I think I’d take the No Debt option and wipe out my $265,000’ish mortgage as that would free up $2,300/mo on the spot AND we could start enjoying the effects right away!, but wiping out a major concern like that in FIRE would be a helluva blessing too… Both in terms of the insurance itself, but also our own health – as we saw with my poor friend Agatha last week and what she’s now suffering through out of nowhere!! (NOT covered by health insurance, btw…)
And speaking of which – you guys have now donated over $2,000 (!) since Friday – THANK YOU SO MUCH!!! Cannot wait for her to check her fundraiser page and see the outpouring of love coming in from the community… She’s gonna be so thankful – and it’s all because of YOU!! :)
But back to this magical question – which of them would you pick? Freedom from DEBT or freedom from insurance costs/worries forever?!
Drop your answers below so we can all fantasize with you!
I’m not sure exactly *when* this fairy will be visiting us, but I do know it never hurts to put stuff out there in the world just in case ;)
Just don’t stop making moves while you’re waiting!
As Bruce Lee once put it,
“If you spend too much time thinking about a thing, you’ll never get it done.”
And Bruce Lee knows everything. So keep going!
PS: Shout out to LendEdu for inspiring this who recently put out a report that found that 40% of Americans would rather have the U.S. completely forgive all $1.61 trillion in student loan debt instead of implementing free universal health care, which was selected by 60% of respondents. Would your answer change here if it meant wiping out *everyone’s* student loans vs just your own?! (And conversely, giving EVERYONE universal healthcare for free as well as yourself?)
More fun Would You Rathers from over the years:
- Would you rather… Win $15,000 in dollar bills, or win $20,000 in quarters?
- Would you rather… Be rich 100 years ago, or average today?
- Would you rather… Have a salary of $50,000 where everyone around you only has $25,000 – OR – Make $100,000 but everyone around you makes $200,000?
- Would you rather… Be attractive as hell BUT you never make more than $30k a year for the rest of your life – OR – you’re damn ugly BUT you’re as rich as Oprah Winfrey?
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!