A Foolproof Plan to Ditch Debt (Bestie) #924

How to Money

iHeartPodcasts

Business, Investing, Education

4.5 • 3.1K Ratings

🗓️ 27 December 2024

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sitting on your butt is killing you! According to the Heart Foundation, folks who sit the most are 90% more susceptible to dying from cardiovascular events like heart attacks and strokes. And while taking a load off and having a seat isn’t going to immediately harm you, the accumulation of years and decades of a more sedentary lifestyle could lead to an earlier death! And we feel similarly when it comes to consumer debt. Paying a little interest this month isn’t going to completely wreck your financial future, but it’s a real problem if it becomes a permanent fixture in your life. Not to mention the fact that credit card interest rates are rising and millions of Americans made their holiday purchases with money they don’t have. Listen as we discuss the straightforward steps to create a foolproof plan, where we land on the debt snowball vs debt avalanche approach, as well as some additional helpful tips that will allow you to ditch debt for good.

Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances:

Knowing your ‘money gear’ is a crucial part of your personal finance journey. Start here.
Sign up for the weekly HTM newsletter. It’s fun, free, & practical.
Join a thriving community of fellow money in the HTM Facebook group.
Find the best credit card for you with our new credit card tool!
Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.
Don’t be cheap and forego getting a life insurance policy. Compare rates with Policygenius.

During this episode we enjoyed a Perpetual Composition by Southern Grist Brewing! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!

Best friends out!

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Transcript

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0:00.0	Hi, this is Ruthie Rogers, host of our podcast, Ruthie's Table 4.
0:05.0	There are many luxuries in life, but I have to say that going to see Ian McKellen was one of the great days of my life.
0:11.6	It's a joke that actors in the old days were not being paid enough money or getting enough to eat would say,
0:17.8	we're doing check-off. There's a practical pork pie in the third act.
0:22.5	Free, free food.
0:24.0	Listen to Ruthie's Table 4 on Iheart,
0:26.5	Apple Podcasts, and wherever you listen
0:28.5	to your podcasts. See you there.
0:30.7	It's hard to read the news these days
0:32.4	without asking yourself, how did we get here?
0:35.4	Fiasco is a history podcast
0:36.8	from the co-creators of Slow Burn.
0:39.1	In our first season, Bush v. Gore,
0:41.2	we examined an unmistakable turning point in American politics,
0:44.6	the 2000 election, which resulted in a high-stakes stalemate,
0:48.4	ended with one of the most controversial rulings in Supreme Court history.
0:52.0	So if you're trying to make sense at the present moment,
0:56.0	check out Fiasco, Bush v. Gore.
1:01.0	Listen on the IHeart Radio app, Apple Podcasts, or wherever you listen to podcasts.
1:02.5	All right, Joel.
1:08.2	It's still Christmas week, and I think there might be a lot of folks who are regretting some of the purchases that they made.
1:12.5	Like, all of the swipes on the card have finally, like the card is cooled down a little bit.
	...

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