How to Get Out of Debt, With Personal Finance Expert Farnoosh Torabi
The Upgrade by Lifehacker
Lifehacker
4.6 • 688 Ratings
🗓️ 30 September 2019
⏱️ 49 minutes
🧾️ Download transcript
Summary
On this episode of The Upgrade, we're tackling debt. Crippling, anxiety-inducing debt. It can be hard to know where to start when facing such a heavy burden. Fortunately, we got some help. First, hear Lifehacker staff writer Lisa Rowan answer Upgrade listener and Lifehacker reader-submitted questions about credit cards. Then, we're joined once again by personal finance expert Farnoosh Torabi, who coaches us on how to start to get a handle on debt.
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Transcript
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| 0:00.0 | Hello and welcome to The Upgrade, the podcast from the team at LifeHacker, where we help you improve your life one week at a time. |
| 0:20.2 | I'm Melissa Kirsch, editor and chief of |
| 0:22.1 | Lifehacker. And I'm Alice Bradley, Lifehacker's deputy editor. And today we're talking about |
| 0:27.1 | how to get out of debt. Truly, everyone's favorite topic. It's such a fun topic. So, Alice, |
| 0:34.1 | according to a report last year from the Urban Institute, there were an estimated |
| 0:38.3 | 71 million adults in the U.S. who had debt in collections. |
| 0:42.3 | That is unbelievable. |
| 0:43.4 | That's a lot of people. |
| 0:44.5 | That's a lot of people. |
| 0:45.2 | Hopefully we can help at least some of them today with advice from a very smart friend |
| 0:48.8 | of the show, Farnoosh to Robbie. |
| 0:51.0 | I think the first thing is actually to not really obsess over the numbers and really |
| 0:56.3 | take a step back and think about what is the whole purpose of this. What will this afford you? |
| 1:03.7 | Farnoosh is an author, podcaster, and personal finance expert, and she joins us today on the |
| 1:08.4 | upgrade to help us figure out how to conquer our debt. |
| 1:15.3 | Longtime upgrade listeners might also remember her from our episode back in April of this year when she taught us how to negotiate like a pro. Yes, which is a skill which may actually come in handy |
| 1:20.1 | when you're trying to get out of debt. Very true. But first, we're joined by Lifehacker's staff writer |
| 1:24.6 | Lisa Rowan, who answers both upgrade listener questions and questions |
| 1:28.7 | submitted by Lifehacker readers about credit cards. |
| 1:31.7 | For a lot of people, your routine spending is not going to be enough to earn you round-trip |
| 1:37.2 | tickets to anywhere. |
| 1:39.0 | Alice? |
... |
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