4.4 • 1.3K Ratings
🗓️ 9 December 2022
⏱️ 8 minutes
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0:00.0 | This is Optimal Finance Daily, Episode 2128. |
0:04.6 | Bank Roll vs. Bank Rolled by Aled Massacot of Free to Pursue.com |
0:10.8 | And I'm your host and personal finance enthusiast, Diana Mariam. |
0:15.2 | Now let's get right to it as we optimize your life. |
0:22.8 | Bank Roll vs. Bank Rolled by Aled Massacot of Free to Pursue.com |
0:29.8 | We live in a debt culture. |
0:32.3 | The majority of us have debt of some kind, be it a mortgage, student loans, a car loan, |
0:37.6 | a line of credit, carrying a balance on our store cards, a government endorsed loan |
0:42.5 | against retirement savings, a buy now pay later purchase, a pay day loan, a pay advance, |
0:48.4 | a debt owing to a bookie or dealer or a mix of the previously mentioned. |
0:54.6 | How many would argue that the seriousness of the various types of debt varies from good |
0:59.4 | debt to avoid at all cost? |
1:02.0 | I would argue that the fundamentals of how they affect our behavior and how we feel |
1:06.0 | are generally the same, though I'll admit the last few on the list may seem a little |
1:10.8 | extreme. |
1:12.4 | The problem with how we think about debt stems from the common sense statements we often |
1:16.9 | hear when it comes to one, business assets. |
1:21.3 | Deceasing is cheaper than buying because it's tax deductible. |
1:25.3 | Number 2. |
1:26.3 | School |
1:27.3 | It's an investment in your future and you need to go to the best school you can get into. |
1:32.0 | Number 3. |
... |
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