A Move To Singapore?
Jared has $25,000 in debt left, including a car. He just received an opportunity to move to Singapore for the next six months for work with no expenses. Dave says he has to do this.
QUESTION: Jared in Minnesota has $25,000 in debt left, including a car. He just received an opportunity to move to Singapore for the next six months for work. He won’t have any expenses while he’s there. Dave says he has to do this.
ANSWER: You won’t even need a car, so you could just sell it. That would even get you out of debt faster. You can always buy a car when you get home. Then you don’t have insurance and tags and other stuff on it while it’s sitting there, and it’s going down in value while it’s sitting there.
You’re single, and you’ve got no strings attached. You can go to Singapore, have an experience, make more money or save more money given that you have no expenses. You can accelerate your financial situation and get experience points, too. I can’t hear a negative thing here.
You ought to be able to pay all your debt off and set aside money to travel. You should be able to do all of this. You have no expenses. If you can go ahead and suck it up while you’re there working, yeah, the travel part of it is going to be awesome. You’ve got to do this even if it slows your getting-out-of-debt program.
If you sold the car, you could knock the debt out in a few months because you’ve got no expenses. You’re pocketing this money. Yes, you do this.