Jayson Thornton, CFP is an award-winning Financial Advisor and host of Pocket Watching with JT  a financial Q&A podcast and YouTube channel. Below he answers a recent question from a subscriber: April from AZ asks : "I have Variable Universal Life. It's for me and my 2 adult sons should I keep it or cancel and invest that $78 into something like the S&P? I still have a mortgage and a $9,000 credit card which I'm actively paying as much as I can each month at least $300 if not

Jayson Thornton, CFP is an award-winning Financial Advisor and host of Pocket Watching with JT  a financial advice podcast and YouTube channel. Below he answers a recent question from a subscriber: Darnell from Illinois asks:  "I borrowed $1,500 on a title loan for an emergency, and 9 months later, I've paid over $4,000 in fees and still owe the principal. I make $3,500 a month, my expenses are $3,450, and I have zero savings. I have $18,000 in student loans, and I'm terrifie

Jayson Thornton, CFP is an award-winning Financial Advisor and host of Pocket Watching with JT  a financial advice podcast and YouTube channel. Below he answers a recent question from a subscriber: Seih from MI asks:  "Hey JT, I make a tad bit under $5,000 monthly and my monthly expenditure is $4,200 but I'm always left with nothing at the end of the month. My wife blames me saying I send too much money to family members in Africa. How can I change my situation?" JT: You Don'

Jayson Thornton, CFP is an award-winning Financial Advisor and host of Pocket Watching with JT  a financial advice podcast and YouTube channel. Below he answers a recent question from a subscriber: Charles from NJ asks: "I recently got a raise. I went from $3,000 a month to about $4,500-$5,000 a month. My current debt is $7,500 in credit card debt and I pay $2,400 in bills/rent a month. Me and my sister pay our parents' mortgage, which is why my expenses are only at $2,400. I

Jayson Thornton, CFP is an award-winning Financial Advisor and host of Pocket Watching with JT, a financial advice podcast and YouTube channel. Below he answers a recent question from a subscriber: Michael from Texas asks:  "I bought a luxury SUV during the pandemic because of low rates, but the insurance and the $850 payment are killing me. I've missed a payment, and I'm terrified they're going to take my car. With the repo crisis in the news, what's the first thing I need t

Jayson Thornton, CFP is an award-winning Financial Advisor and host of Pocket Watching with JT, a financial advice podcast and YouTube channel. Below he answers a recent question from a subscriber: Michael from Michigan asks:  "I was just laid off due to my company shutting down operations during the government crisis. My monthly expenses are $4,000, and I have a severance package that will last about two months. I have $1,500 in my savings account and $15,000 in various high

Jayson Thornton, CFP is an award winning Financial Advisor and host of "Pocket Watching with JT" a financial advice podcast and YouTube channel. Below he answers a recent question from a subscriber: Lisa from Georgia asks:  "I'm scared, broke, and barely breaking even! I make $3,200 a month and my expenses are $3,000. I have $8,000 in high-interest credit card debt and only $150 in savings. I’m terrified of losing my SNAP benefits. What is the first thing I need to do?" JT: L