Best Cities to Get Out of Debt

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 13 January 2017

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Let’s be honest. Being debt-free is a big milestone. It offers you a lot of freedom to live life the way you want to – travel, buy a house, start a business, have a baby, get paid less, etc. Having debt though is a reality that many of us face, usually multiple times in our lives. […] Read more... See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:29.7	Hey, I'm Sean a Compton Game. This is Millennium Money, and today we're talking the best cities
0:34.3	to get out of credit card debt.
0:55.5	Millennial Money with Shawna Compton game.
0:59.5	It will expand your brain.
1:08.7	All right, so happy Friday.
1:11.0	First, I want to just do a little update.
1:16.5	We did a millennial music chat this week with Matthew Mayfield, and we are giving away two copies of his new CD recoil.
1:19.4	And there was a bit of confusion over the link, so I just wanted to give it to you guys again.
1:24.8	So if you want to enter to win one of his amazing CDs, go over to
1:29.2	b.it.ly slash Matthew Mayfield. And you can go ahead and enter the giveaway. And that will be up
1:36.4	until next week. All right. So today we're talking about the best cities to get out of credit card
1:42.3	debt, which sounds a little weird, right? But there was actually a survey that came out by a company called Smart Asset,
1:50.6	and what they did is they wanted to find the best places to get out of credit card debt.
1:55.8	They looked at actually 63 cities with a population of at least 200,000 and calculated how long it would take
2:03.5	to pay off $5,323 in credit card debt, which is kind of the average mean for credit card debt.
2:11.8	And so I just found this super fascinating because, you know, getting out of debt happens to be one of the
2:19.6	top New Year's resolutions. I know that I asked a lot of people who are in my budget breakthrough
2:25.5	boot camp course, you know, what are your goals? What are your resolutions? I hate using the word
2:31.5	resolution, but it's what we're all familiar with. And resounding back to me was,
2:38.3	you know, we want to get out of some sort of debt. And I think that it's almost like I can't talk
	...

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