43. Sneaky Ways Companies Keep You in Debt

Financial Feminist

Her First $100K

Self-improvement, Education, How To, Business

4.7 • 6.2K Ratings

🗓️ 15 September 2022

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Paying off debt is hard enough –– add in companies who keep you in the dark and try to make it harder for you to get ahead on your payments, and it can feel like a neverending hole. Today, host Tori Dunlap is taking you through how companies use confusing language and sneaky practices to keep you in debt longer while they line their pockets. In this episode, you’ll learn the script for getting through these barriers so you can start digging yourself out of debt faster. Learn more about our guests, read episode transcripts, get resources from the show, and more on our show notes page: https://herfirst100k.com/financial-feminist-show-notes/debt-payoff-hack Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	I don't know if we can include that for copyright reasons, but we're going to do it anyway.
0:29.8	We appreciate you subscribing and sharing the show with your friends.
0:44.1	Leave us a review, let us know what topics you'd like to cover, or give us a win
0:50.9	is sharing about how you applied something that you either learned on her first
0:54.6	100k on TikTok or Instagram or on the podcast. Okay, so this fun thing happened
1:03.1	which was last week on TikTok. I got tagged in this lovely post and I'm gonna
1:07.4	open it to make sure I get it right. Her name is Michaela Butler. Michaela
1:10.8	if you're listening hello. And basically it's that horrible sound. Can I play
1:16.0	the sound? Is that allowed? I'm gonna play the sound. Hold on. And it's basically
1:25.0	the sound that you use on TikTok when you've like realized that something
1:27.6	horrible has happened. And so this creator Michaela Butler tagged her first
1:33.5	100k tagged me in a post with that sound and it's her face and it says and we'll
1:39.2	link it if you want to watch it. But it says the way I just tried to make a lump
1:43.1	some payment towards my student loans principle and the tellers on the phone
1:46.9	tried to tell me I couldn't. So I had to escalate my request. If it weren't for
1:51.6	financial talk I wouldn't even know what quote making a payment towards
1:55.7	principle meant. And she said I love financial talk and her first 100k I'm
2:00.7	officially a money goy all. That was my Jay Z. Okay, so let's talk about what this
2:06.7	TikTok means because I duetted it and explained because there were so many
2:12.8	people in her comments and then she was tagging me in questions and I realized
2:16.8	that this whole topic is worthy of an episode because this is how companies
2:24.7	keep you in debt for longer. Companies make it very very difficult for you to
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