Today we answer this question: “I have accumulated $6,000 in credit card debt from a period of unemployment; should I use some of the $10,000 I have in my 401(k) to pay it off?”
In today’s show I share with you some tools, tactics, and techniques to help you stand up for yourself in the face of an onslaught of bill collectors.
No, that title isn’t clickbait. There really is risk created by paying off debt too quickly. Details in the show.
The use of debt can dramatically increase the financial returns of an investment, or have a dramatic negative impact on the lifestyle of the borrower.
445 – Should we Keep Paying off Our House with Gazelle Intensity or Switch to Saving 15% for Retirement?
“Should we stay strong on our course to pay off the house in 3 years tops only saving about 10% for retirement or do we bump up retirement savings?”
417 – Friday Q&A: Should I Follow Dave Ramsey’s Baby Steps and Pay off My House Early, I Had an Unexpected Child…Should I Finish Graduate School or Drop Out to Be a Mom?
On Fridays I host a live Q&A show! This show is open for Patrons to call in and talk with me about anything they want to.
375 – The Recovering Spender: How to Live a Happy, Fulfilled, Debt-Free Life; Interview with Author Lauren Greutman (I Am That Lady from IAmThatLady.com)
My guest today is Lauren Greutman and today we discuss her new hook and her systematic, step-by-step advice for how to overcome a spending addiction.
353: How to Get Out of Debt Fast By Driving A Truck (And Build a Freedom Fund!) – Interview With Ben and Deb Martinek
Large financial goals can often be achieved in a relatively short period of time if you focus enough on the goal and execute a plan with intense action.
This episode is a follow-up appearance on Nick Hazelton’s podcast wherein he solicited my advice and comments on his self-education plan.