1404: Beyond Credit Card Debt by Sierra Black with Get Rich Slowly on Creating A Financial Debt Payoff Plan

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.4 • 1.3K Ratings

🗓️ 12 January 2021

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sierra Black with Get Rich Slowly talks about going beyond credit card debt. Episode 1404: Beyond Credit Card Debt by Sierra Black with Get Rich Slowly on Creating A Financial Debt Payoff Plan J.D. Roth has been reading and writing about personal finance for a decade. Today he’s financially independent, but ten years ago, his money life was a disaster, with over $35,000 in consumer debt. He started turning everything around in 2004. By being the boss of your own life, you, too, can be the master of your own financial fate. The original post is located here: https://www.getrichslowly.org/beyond-credit-card-debt/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is optimal finance daily episode 1404 Beyond Credit Card Debt by
0:05.9	Sierra Black with Get Rich slowly.org and I'm your host and personal finance
0:11.1	enthusiast Diana Merriam.
0:13.4	This is the show where I narrate posts from thought leaders
0:16.3	in personal finance every single day of the year
0:19.0	in 10 minutes or less.
0:20.7	But for now, let's hear today's post and start optimizing your life.
0:24.0	Beyond Credit Card Debt by Sierra Black with Get Rich Slowly.
0:32.0	Org I made my by Sierra Black with Get Rich Slowly.org
0:34.0	I made my last credit card payment this week.
0:37.0	That final payment ends more than 10 years and 20,000 dollars of credit
0:42.0	debt. Getting out of credit card debt.
0:43.0	Getting out of credit card debt is a familiar story to readers of Get Rich slowly.
0:47.8	You wake up to that fact that your finances are a sinking ship so you learn to track your spending and that helps you figure out
0:54.5	where your money goes. From there you scale back your expenses and spending. You
0:59.4	look for ways to boost your income. You start a debt snowball. Pretty soon you're paying off
1:05.3	debt like it's going out of style. And then one day you make the last payment.
1:10.3	What next? Beyond credit card debt.
1:14.0	For me and probably for a lot of people, that answer is simple.
1:18.0	Keep that debt snowball rolling.
1:20.0	Many perpetual debtors have managed to pick up loans as well as credit cards.
1:25.0	I've paid off my credit cards, but I still have a car loan, student loans, and a family loan to repay.
	...

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