Break Free from Debt: A No-BS Guide to Paying It Off Fast

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 26 September 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Are you ready to get rid of debt but don't know where to start? In this vault episode, I explain how to think about debt, strategies to pay it off, and why being completely debt-free should never be the goal. Just a quick note: this episode is not just for newbies. As a financial planner, I worked with people of all ages who couldn’t figure out how to handle debt. So, you are not alone if you’re struggling with debt. You'll learn the two strategies to pay off debt, how to deal with the emotions around debt, and a deep dive into my debt story. RELATED EPISODES The Toll Debt Takes on Your Mental Health From 10K in Debt to 800K in Net Worth Is All Debt Bad CONNECT WITH SHANNAH FREEBIE: Show Me the Money Workshop FREEBIE: She’s Got Wealth Workshop Looking for Money Coaching? Book a complimentary 20-minute call with Shannah to learn more https://savvycal.com/everyonestalkinmoney/comp Healthy Wealth Program for Women https://etmpod.link/healthywealth Follow me on Instagram SPONSORS Thanks to Money Picked for sponsoring the show. To schedule a FREE meeting to figure out your next financial steps, go to http://www.moneypickle.com/etm. Thanks to ASPCA for sponsoring the show. To explore coverage, visit ASPCApetinsurance.com/ETM. Thanks to Mint Mobile for sponsoring the show. To get your new 3-month premium wireless plan for just 15 bucks a month, go to http://www.mintmobile.com/ETM . Thanks to Notion for sponsoring the show. Notion is my go-to tool for managing notes, to-do lists, and action items. You can try Notion for free at Notion.com/ETM. Thanks to OneSkin for sponsoring the show. Get 15% off OneSkin with the code ETM at https://www.oneskin.co/ Thanks to Quince for sponsoring the show. Go to http://www.quince.com/etm for free shipping on your order and 365-day returns. Thanks to NerdWallet for sponsoring the show. Don’t wait to make smart financial decisions. Compare and find smarter credit cards, savings accounts, and more today at www.nerdwallet.com. Thanks to Monarch for sponsoring the show. After trying out Monarch for myself, I understand why it’s the top-rated personal finance app. Listeners of this show will get an extended thirty-day free trial when you go to www.monarchmoney.com/ETM. Thanks to EarnIn for sponsoring the show. Just download the EarnIn app in Google Play of the Apple App store and use code Talkin Money under Podcast. Thanks to Noom for sponsoring the show. Start taking control of your weight management and join the millions who have lost weight with Noom. Sign up for your TRIAL today at www.noom.com. Thanks to ButcherBox for sponsoring the show. Sign up today at www.butcherbox.com/etm and use code ETM to get $20 off your first order. Thanks to DelelteMe for sponsoring the show. Today get 20% off your DeleteMe plan when you go to www.JoinDeleteMe.com/ETM and use promo code ETM at checkout. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	In this Money One-on-1 episode, I'm breaking down how to think about debt, strategies to pay it off,
0:15.7	and why being completely debt-free might not be the best goal.
0:24.1	Welcome to everyone's talking money podcast. I'm your host, Shawna Game. There's no judgment,
0:31.1	no dumb questions, just smart conversations about you and your money. So come on in and grab a seat. Everyone is welcome here.
0:45.2	Welcome back to another Money 101 episode. This episode is all about debt. Everyone's favorite
0:50.9	subject, right? And just a quick note, this episode is not just for newbies.
0:56.8	This is for everyone because we all struggle with debt, whether we're in debt, we've come out of
1:02.2	debt. Dead is always weighing on our minds. There's a real psychological aspect to money,
1:08.5	which I talk about in a lot of our episodes. And the reason I do
1:12.6	this is because I know that this is where most of us get hung up around money. There's so much
1:19.0	muck that we just don't understand that comes to the table when we're making money decisions.
1:24.4	And so I'm always offering you an invitation in to just pause and think about your
1:30.8	money from a different perspective. So when I was a working, a practicing certified financial
1:36.5	planner, and I was a CFP for about 10, 12 years, worked with all sorts of different clients, people who were just starting out,
1:45.8	people who made a lot of money, people who had $100 million in assets. So I've really seen the
1:52.7	gamut. And I can tell you that people of all ages, people of all incomes, people of all net worse,
2:00.3	had a hard time figuring out how to get a
2:02.6	handle on debt. And it usually was from the mindset around debt. So we're going to dive into
2:07.6	that a little bit deeper. So you are not alone if you are struggling with debt. According to CNBC,
2:14.6	the average American has over $90,000 in debt. And that was according to
2:19.5	2021 numbers. And I believe that. But I also believe that it doesn't make you a bad person.
2:29.5	There are a lot of money experts out there. You could probably pop up a few names in your head when I'm
	...

Please login to see the full transcript.

Previous episode | Next episode

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

Generated transcripts are the property of Shari Rash and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.