College Debt vs. Health Savings: Is Higher Education Worth the Chronic Illness Risk? 🎓

22/01/2021 33 min

Listen "College Debt vs. Health Savings: Is Higher Education Worth the Chronic Illness Risk? 🎓"

Episode Synopsis

Should you invest in college, or save the money for your unpredictable health needs? This is one of the most stressful financial dilemmas facing the chronically ill community, and this reflective episode tackles it head-on.For those of us dealing with unexpected, high-cost medical expenses, the decision to take on student debt is a gamble compounded by serious financial risk. We are dissecting the pros, cons, and stark financial reality of this choice to help you make an empowered decision.In this candid, vital conversation, we explore the essential calculations you must make:The Chronic Illness Cost Calculation: We weigh the long-term career benefits and earning potential of a degree against the immediate impact on your medical finances and safety net.Traditional Path vs. Alternatives: Exploring less financially burdensome educational routes, online certificates, and self-study to gain valuable skills without accruing overwhelming debt.Intangible Costs: Understanding the hidden toll of academic stress, rigid schedules, and chronic fatigue on your health, and whether the emotional investment is truly worth the physical cost.This conversation is absolutely essential for making educational choices that serve your health, aspirations, and financial stability in equal measure. Don't let the "shoulds" dictate your future; let's build a strategy that works for yourbody.

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