6k euro for an education that I could enjoy, find employment in and be happy. 12k for the education I really want, it’s some obscure hyper specialist training on a European level (hence the cost)… I was close to finding an employer who was willing to help fund it. But I couldn’t get enough money together to make it work. Anyway, hoping to start next year with a new job in the field and work my way up, until I can afford it. Money would mean a significant shortcut in my career.
Probably a million. I got two kids and a mortgage. Sure I could pay off some bills with less, but what difference does that really make. I guess I could take a nice vacation for less, but thats just temporary. Gotta work for the medical insurance so, maybe a million would cover us until the kids get thier own.
Right now? Literally just about anything. My fiance left me last week to “figure herself out” after 9 years together and soon I might be homeless and my credit cards I took out to help her over the years are months behind on payments. So yeah, anything.
Okay, that sucks. Might want to get in touch with as many companies as you can, explain the situation and see if you can work something out.
If you can communicate that you’ll need more time, I think they would prefer that over not getting any money at all.
When you are in deep shit like this, speak about it. Let everyone who you still own money know that you want to, but cannot pay right now and you want to work out an arrangement.
Also check if the government has a program to assist with debt. Be proactive, people are more willing to work with someone that is taking action to change things up.
The worst thing you can do is stop opening mail and just ignore it. It will only make the problems bigger. Get help, anywhere you can.
Good luck.
Edit: depending on your country and relationship with your employer, consider informing your employer too. Some employers are willing to work something out with you if you explain how it happened and how you want to get out of it.
About $160k. That would be enough for me to graduate med school or a Masters program (which also offered me scholarships) debt free with my current savings!
This would pay off our mortgage and we could dump that monthly payment into saving for retirement.
However, if the question was how much do we need then it would be $0. We are far more fortunate than many.
If there was a line of all the people in this comment section waiting to get whatever amount they need I’d be one of those continuously moving to the back to let others go first.
I hope you all find improved quality of life, even if it’s not through some financial windfall!
You’d be better off keeping the mortgage, since it’s about the cheapest leverage your average person has access to, and investing the lump sum. Net present value, baby.
The least amount? 20k US would halve my credit card debt and give me a leg up on getting the rest paid off. 40k would give me a jump start on finally rebuilding. Given I’m in my 50s though and with the state of the world, I’m likely to be making credit card payments until the day I die.
52 here, much the same story. Started getting paid for the first time in life, went a little nuts with credit. $20K would knock most of it out.
OTOH, I got most of the things I’ve wanted in life before inflation exploded, so I got that going for me.
Also, about to get no less than $50K for the last of my inheritance. That damn well pays of Habitat for Humanity on our home.
Do the Dave Ramsey thing! Focus on your smallest debt, pay it off. Go for the next one. And the next.
I can dig out in the next 2 years. My wife just took a second job, and while that sucks, she’s happy to do it so she can contribute more to the household.
I mean, anything over about 1000 USD would be a big help, I had to make an unexpected visit to a sick parent that really set back my short term goals.
10k would be a nice emergency fund and I could start focusing again on things like moving to a better place (moving is expensive).
100k would mean freedom to get any transition-related surgeries I want without hassling with insurance. Or it could be rolled into a home purchase or retirement.
Currently my income isn’t great, but I can pay my bills with savings to spare, even in a nicer apartment or home.
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