Seneca

I've struggled with depression since college. I'm a successful attorney—partner at my firm, nice house, loving family. From the outside, I have everything. Some weeks I can barely get out of bed. I call in "sick" and lie in the dark. I've tried medication (helps somewhat), therapy (helps somewhat), exercise (helps somewhat). Nothing makes it go away completely. I've accepted that this is just part of who I am—my "black dog," as a friend calls it. But lately I've been wondering: am I managing this illness, or am I using it as an excuse? When I cancel plans or get someone else to appear in Court for me, is that depression or lack of discipline? My father's generation would say "snap out of it." My therapist says "be gentle with yourself." How do I fight my inner demons without hating myself for having them? — Black Dog in Baltimore

76 votes

I recently came into a small inheritance of about $15,000 from my grandmother, which is the most money I've ever had at once. I currently have $12,000 in credit card debt spread across three cards with interest rates hovering around 22%. My friends are telling me I should invest the money in a high-yield savings account or put it into the stock market since the market is down right now. However, the monthly interest charges on these cards are killing me and eating up a huge chunk of my paycheck. Is it financially smarter to wipe out the debt completely and start from zero, or should I pay half of it and invest the rest so I have some emergency savings? I’m 28 and really want to start building wealth, but this debt feels like a weight around my neck.

88 votes