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Optimal Finance Daily - Financial Independence and Money Advice

2128: Bank Roll Vs. Bank Rolled by Helene Massicotte

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.41.3K Ratings

🗓️ 9 December 2022

⏱️ 8 minutes

🧾️ Download transcript

Summary

Helene Massicotte of Free To Pursue talks about a bank roll vs. being bank rolled Episode 2128: Bank Roll Vs. Bank Rolled by Helene Massicotte Helene Massicotte blogs about living life on your terms and experiencing true personal freedom. She describes herself as a person in search of all that life has to offer and who has built a life that enables her to do just that. No more, no less. She chose to retire from corporate life in her mid-thirties because it wasn't in line with what she wanted anymore. The original post is located here: http://www.freetopursue.com/blog/2018/1/24/bank-roll-vs-bankrolled 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 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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