Also in this playlist...
This transcript is automatically generated
All right let's go to -- in Durham, North Carolina hi Sheila what's up.
I gave -- and included two week we have been very very blessed.
But didn't come the end very little -- am unfortunately my husband that was -- -- -- -- -- -- can't be sir Edmund it's it has very little rivalry.
And I am but.
That it didn't really go positive effort well he's responding very well to chemotherapy and there's no.
Evidence the cancer right now how things are really good about our -- And in addition we've during that time we have aggressively saved.
Will we don't have a long term help.
I'm -- and I'm a bit of problem though.
Acquired quite a bit of -- and then on top of it a few months ago we received it might well inheritance yeah.
Did -- look they'd have a trust and how we get it didn't.
Are relatively -- a lot of.
So how much how much have you piled up with a trust him with the savings.
-- -- -- -- -- -- about a 1151000.
Dollars oh my goodness.
And then the inheritance for the 175000.
While -- you're sitting there with -- almost 300000 dollars.
Yeah our -- I think that we -- field.
Better than either there.
Time period on her and how much life insurance and her husband -- -- -- and how much as you make a year.
And had a little -- under insured dramatically.
Yeah we we realize that we first got married wasn't the income with a lot lower -- -- 500 K policies twenty year global terms he's not a -- and then and then about six years ago he got hit with a diagnosis.
And and then.
Core brands no insurance now you're done after it's done.
And coming kids -- the arm jury can.
No I don't know come on and your questions what to do with a savings.
The -- that we have almost frenetic campaigning tweet we decided that we think I think 5000 is appropriate for us for emergency fund that would let you hear things toward a bit south.
-- -- -- help -- ballot allow us to.
Live with me being primary caregiver bill -- a year and Annika I think -- -- good but at a -- if things are against south.
It it will probably would -- be more than a year of numbers they thought of that -- and -- I'd be able to go back to work and then we couldn't.
And I would want to have in the catbird seat time.
And then there remainder of which.
Completely when you don't -- people hitting it basically sitting -- -- -- savings account right now doing nothing because we're.
You guys have been fighting this for six years I've been hearing your story for two minutes.
So our perceptions are a little bit different.
But I gotta tell you -- with stage four cancer your fighting it you're winning the battle that's amazing in and of itself.
And you know praise god that's just incredible.
You got pregnant -- sitting there and you may he makes a 170 you only got a half million dollars.
You're under insured.
Suddenly five might be right for your emergency fund and a normal situation but you're not a normal situation I'm not gonna invest -- in this.
If I'm in your -- analyst at their money market account it's not gonna learn any thing it's horrible.
It -- -- learn you know maybe 2% or something -- just awful.
But I'm not worried about the investment aspects of it now.
If you guys -- you know if they can tell me he's cancer free he's turned the corner.
You know that there's a recovery on the horizon you want start gradually investing -- hundred this year and another hundred next year after that that's fine.
But when you still -- -- -- your life you need to keep this money right there.
What it what about came -- we have the only daily habit that we have two home mortgages.
On primary opponent at a rental property.
-- -- -- -- How much is your home mortgage.
We have a 175000.
Remaining on the mortgage -- that -- Point five picking your -- At this stage of the game I'm gonna sit there -- -- emergency fund.
It's not what you want to hear you want to invest -- want to move forward.
And I want you to move for -- -- but -- what you move forward when your life when we got this cancer thing behind us a little bit more.
Right now you're getting good news you're turning the corner.
One of don't have the corner -- -- in my rearview mirror than we can start talking about paying off the house and do that before invested.
And we start talking about a smaller emergency fund right now -- all this cash around her life.
Really do it's gonna give you lots of options things go good things go bad that cash is right there you can use it either way.
Filter by section