Hey Plutus family! Have you ever racked up medical bills and wonder how you were going to paid It? Have you ever wondered how someone can pay off $100k in medical debt? Well, we were wondering too and came across this great article on how Ana paid off $100k in medical debt.
Here’s what we wanted to share with you this week.
Creating a Safety Net for Your Life. [Physician on Fire] — “We all know that life is unpredictable. In fact, the only thing that’s certain is that things will be uncertain. Despite this, or perhaps because of it, I think the majority of people are risk-averse. We’re concerned about the future and its potential for unfortunate circumstances. If we weren’t, there would be no such thing as insurance–and there’s insurance for just about everything.” (Submitted by Tarsha.)
How Ana Paid Off $100k of Medical Debt. [Her First $100k] — “What I thought would be a quick visit to the emergency room to get a cast suddenly turned into a three-day hospital stay with around the clock care – a stay that would have to be paid out of pocket because I didn’t have health insurance.” (Submitted by J. Money.)
The Biggest Risk of All. [Money Flamingo] — “In the personal finance community we often talk about risks. The risk of running out of money in retirement; the risk of picking the wrong investment or getting the timing wrong; sequence of return risk; the risk of losing our job during the accumulation phase; leverage risk – you name it.” (Submitted by Tarsha.)