Suzy Ormond's Women in Money podcast is proudly sponsored by America's Credit

Unions, the perfect home for your money. Hi, I'm Sarah Pule, co-host of Suzy

Ormond's Women in Money. As we get ready for season two of our podcast, we wanted

to share some of the best episodes from season one. We hope you enjoy listening.

Today's podcast is about debt. I know everybody thinks that when you do a

podcast called Women in Money, we're gonna talk about money, what to do about

money, how you invested, how you make it grow, but here's the problem, ladies. Do

you really have any money to invest? If I were to ask you right here and right

now, if you have credit card debt that you can't pay in full at the end of the

month to stand up, if you have car loan debt, mortgage debt, student loan debt,

401k debt, personal debt, stand up. I got news for you 100% of you would be

standing right now. So how can I talk to you about money when most of you don't

even have any? And why is it that you don't have any? You don't have any for two

reasons. Number one, we want immediate gratification. We see that somebody else

has something and we want it. We don't have the money to get it, but yet we have

credit cards, so we're able to get it. We don't want to have to wait to be able

to have enough money to pay for something in full, because we want it right now.

So we don't have money, so we get ourselves into credit card debt, and when we

get ourselves into credit card debt, number two kicks in debt renders you

powerless, because when you have debt, you are in bondage. It feels like you are

in a financial jail cell, and when you are in bondage, you are rendered powerless.

And when you are powerless, the number one law of money comes into effect, which

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