2654: Stupid Or Smart? (Getting A Loan To Pay Off Your Debt) by Philip Taylor of PT Money

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Self-improvement, Education, Business

4.5 • 1.3K Ratings

🗓️ 13 March 2024

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2654: Philip Taylor of PTMoney.com delves into the complex decision of using loans to pay off debt, offering a critical examination of various loan types and their implications. Taylor emphasizes the importance of addressing the underlying causes of debt and exploring self-managed debt reduction strategies, cautioning against the potential pitfalls of simply transferring debt through loans without solving the root financial behaviors. Read along with the original article(s) here: https://ptmoney.com/getting-a-loan-to-pay-off-debt/ Quotes to ponder: "Just because you can get a loan to pay off your debt, doesn’t mean you should." "People who consolidate debts this way often find themselves in dangerous levels of debt again." "Shortcuts might help you get out of debt quicker, but your habits will inevitably land you back in debt eventually." Episode references: Ramsey Solutions' Debt Snowball Calculator: https://www.ramseysolutions.com/debt/debt-calculator Calculator.net's Debt Payoff Calculator: https://www.calculator.net/debt-payoff-calculator.html Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	For brands in the digital age, content is the customer experience.
0:04.0	That's why industry leaders like KFC, MailChimp, and BMW rely on the contentful composable content platform
0:11.0	to easily create, collaborate, manage, and deliver content across all channels,
0:16.0	resulting in meaningful customer experiences and significant business results.
0:20.0	Ready to maximize your content's potential? Get started at contentful.com.
0:25.0	Contentful where content drives business momentum.
0:29.0	This episode is brought to you by Cracken.
0:33.0	Crippo is like the financial system, but different.
0:36.0	He doesn't care where you come from,
0:38.0	what you look like, your credit score,
0:40.0	or your outrageous food delivery habits.
0:43.0	crypto is financed for everyone, everywhere, all the time.
0:47.0	Visit Krakon.com slash see what crypto can be to learn more.
0:52.0	Don't invest in as you're prepared to lose all the money
0:54.9	you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
1:00.6	This is optimal finance daily episode 2654.
1:05.0	Stupid or smart.
1:06.5	Getting a loan to pay off your debt by Philip Taylor of PT money.com
1:11.0	and I'm your host and personal finance enthusiast,
1:14.2	Diana Merriam.
1:15.6	Thanks so much for joining once again here on optimal finance daily.
1:19.7	I'm here narrating for you every single day from some of the best articles on the web
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Optimal Living Daily LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Optimal Living Daily LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.