Everyone has debt, but no one likes to talk about it. And you might feel so overwhelmed by the idea of organizing finances that you ignore them altogether…which makes your stack of bills taller and more unbearable. So where do you begin?
In this episode, I discuss what debt you should pay off first and how these conversations fit into a successful financial strategy that lasts a lifetime (no matter how much you owe).
Show Highlights Include:
- What the “Diderot Effect” does to your wallet and how to avoid trapping yourself in debt instantly. (1:40)
- What the “Good Debt, Bad Debt” model reveals about the debts you pay off first. (4:22)
- Designing your own version of the ‘Snowball Method’ for paying off debt at your own pace. (9:00)
- The three wealth management tools you need to earn more than you spend and avoid debt in the future. (13:49)
To schedule your complimentary retirement track review, head to https://onecapitalmanagement.com. You can also call us at 805-410-5454 or text the word ‘TRACK’ and we’ll reach out to you.