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[MUSIC PLAYING] Brought to you by the Every Dollar App. Start budgeting for free today. I'm a father of five. I don't have a supporting spouse. We have some debt, just debt, car loans. We did a retail improvement. We had some contractor issues to a point where we had lost quite a bit of money. So I ended up taking money from my 401(k) to kind of cover the home improvement that we were doing on the home. And so I think in total, between the cars and the AT improvement, the home improvement, we're looking at about 121,000. But we do not-- I thought you covered the home improvement. Is it paid off or not? It's-- I used-- I took money from my 401(k) to-- You borrowed money, or you took money? I did. I borrowed money. You have a 401(k) loan, a $50,000 or what? Yes, a $50,000. OK, and then you have what else? Two car-- OK, and that amounts to another $50,000. OK, so you got $100,000 in debt, right? Yes. Oh, you said $100,000? How much? $121,000. $121. OK, cool. I got the picture now, all right. And your question is what? We have-- I have stocks in my personal brokerage that's probably valued over $200,000. And the fall is, should I take that, to sell them down to cover those outstanding loans? By the end of the day. By the end of the day. Today, right now, as fast as you can. You should have done that before you took out these loans. You should have used your money to buy a car. You should have used your money to do your renovation. Definitely 100%. Yeah. And at the time, it was-- I took out these loans that a little while ago, and the market was down to-- Doesn't matter. You're working as great as you are now. Doesn't matter. You don't borrow money on a car to invest in the stock market. And when you don't take money out of the stock market to buy your car, it's the same thing. No financial-- no one in financial history, except TikTok, has said borrow money on your car and invest in the stock market. No one ever said that was a good idea. And effectively, that's what you did. By not taking your money out of your brokerage account, because the market was up, to buy the car. And instead, borrowing money on the car, it's the same thing as having borrowed money on the car to invest. Do you understand what I'm saying? I do. Yeah, so undo this mess today. And quit buying stuff unless you pay for it. Right. Because it's killing you. It's killing you. You make a lot of money, and you're a very smart person, and you overanalyze to this. Big time. Big time. You've got paralysis of the analysis, and you thought you had this figured out, and you put yourself in a mess. Don't do that. Don't ever do that. Don't ever do that. Create your free every dollar budget today, the simplest way to budget for your life.
