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March 15, 2023 18 mins

Brad is a New Yorker in his 40s who dropped everything to pursue a passion project. But the business failed, leaving him loaded with debt. Now he has to figure out how to get back on track after losing most of his—and his wife’s—savings.

With an empty investment account, and living in an expensive city, Brad​​ has to decide what should come first: paying off past debts or investing for the future.

In this episode of What Should I Do With My Money, Sallie, a Financial Advisor at Morgan Stanley, works with Brad to figure out how to get back to the level of comfort and financial freedom he’s looking for.

For more information about this episode and the topics covered, check out our episode page https://www.morganstanley.com/ideas/closing-small-business-what-should-i-do-with-my-money-podcast.


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This material has been prepared for educational purposes only. It does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a Morgan Stanley Financial Advisor. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives.

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