How to Honour Him

Hi Scott,

I am in my early thirties and feel hopeless. Recently I lost my brother to a very long and hard battle with cancer, and in his will he left me $10,000. I was thinking about spending it on a holiday or a nice piece of jewellery to remember him by, but I also have a $20,000 credit card debt that I have struggled to pay off for the past 10 years. Would you put it towards the debt or go on a nice holiday to get away from all the painful memories?

Bec

Hi Bec,

I’m sorry for your loss.

Here’s what I think: I think that losing your brother is a tragic, heartbreaking reminder that life is precious.

Bec, life is far too short to spend it being a slave to a bank.

And make no mistake: while you’re paying them $3,600 a year in interest, you’re effectively a financial slave.

If you keep on paying the minimum, it’ll take you 54 years to be free (and that’s if you stop spending on it today).

I think you should honour your brother, cut up your credit card right now, and live the rich life that he can’t.

Make him proud.

Scott