How to Kill Debt, Master Credit and Protect Your Wealth - 40 Money Lessons at 40, Part 3

Everyone's Talkin' Money

Shari Rash

Self-improvement, Business, Health & Fitness, Mental Health, Education

4.2 • 648 Ratings

🗓️ 24 September 2025

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Turning 40 has me thinking about the money lessons that actually matter — not the flashy hacks, but the real, sometimes boring, strategies that keep your financial life from falling apart. In part three of my 40 Money Lessons at 40 series, I’m digging into debt, credit, and protection — the unsexy side of money that quietly saves you thousands. 40 Money Lessons at 40 - Part 1⁠⁠⁠⁠⁠ ⁠40 Money Lessons at 20 - Part 2⁠⁠⁠⁠⁠ ⁠40 Money Lessons at 40 - Part 3⁠⁠⁠⁠⁠ ⁠40 Money Lessons at 40 - Part 4⁠⁠ ⁠40 Money Lessons at 40 - Part 5 I’ll break down why paying off high-interest credit cards is the best guaranteed return you’ll ever get, how lifestyle creep sneaks up with an “I deserve this” disguise, and why carrying a balance on your credit cards is the ultimate wealth killer. I’m also sharing the protection strategies most people ignore — from freezing your credit (free, easy, and way more effective than monitoring) to keeping disability insurance because your income is your biggest asset, and adding umbrella insurance once your net worth grows. You’ll walk away knowing: Why killing high-interest debt beats almost any investment strategy How to recognize lifestyle creep before it drains your wealth The golden rule of credit cards (hint: the magic number is zero) The simplest way to stop identity theft before it happens Why insurance may be boring, but it’s the backbone of financial freedom These aren’t the lessons that get headlines or TikTok views, but they’re the ones that give you real peace of mind — and by 40, I’ve learned peace of mind is worth more than any hot stock tip. Be sure to like and follow the show on your favorite podcast app! Keep the conversation going on Instagram @everyonestalkinmoney Thank you to our sponsors! Policygenius - Head to policygenius.com to compare free life insurance quotes from top companies and see how much you could save. Ava - Help build your credit score with Meetava.com. Use promo code: Money Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to everyone's talking money, the show that's all about making life richer,
0:05.7	from your bank account to your mindset and everything in between. Whether you're here to crush
0:11.3	debt, build wealth, or finally feel in control of your cash, you are in the right place.
0:19.0	And today, I'm marking my 40th lap around the sun by sharing 40 money
0:24.5	lessons. Some I learned the hard way. And some I learned by watching others, winds, and train wrecks.
0:32.4	And some, I wish someone had pulled me aside in my 20s and said, girl, don't do that. Let's get into it.
0:50.8	So I just turned 40, and let me tell you, money has had a front row seat at every single
0:57.0	chapter of my life. The wins I'm proud of, the late night math sessions that kept me awake at 2 a.m.
1:03.9	The what was I thinking mistakes. Yeah, all of it. And you know what's funny about turning 40?
1:10.6	Everyone expects you to have some kind of
1:12.5	midlife crisis. Buy a sports car, get a dramatic haircut. Suddenly decide you need to climb Mount Everest,
1:20.5	and even as we've discovered in past episodes, starting a business is the new midlife crisis.
1:27.0	But here's what actually happened. I got clarity.
1:30.5	Crystal clear, no BS clarity about what really matters with money. And to mark this milestone
1:37.2	birthday, I've decided to do something big. I'm sharing 40 money lessons at 40. The real stuff I've learned from my own experiences,
1:46.6	from working with clients, and from watching how money can either build freedom or cause
1:52.2	total chaos. In episode one, we talked mindset, money as a tool, not the goal. In episode two,
2:04.3	we laid the foundation with habits and cash flow systems that actually work. And today, in episode three, we're talking about the lessons that
2:11.0	protect what you're building. Debt elimination, credit mastery, and insurance. Now, I know this is not the flashy side of money.
2:21.1	No one's throwing me a 40th birthday party with a cake shaped like an umbrella insurance policy.
2:26.8	Trust me, I checked. And apparently that's not a thing. But here's what I do know at 40.
2:32.2	If you don't get this protection stuff right, it doesn't matter
	...

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