Shannah Shares: Is All Debt Bad?

Everyone's Talkin' Money

Shari Rash

Business, Self-improvement, Education

4.6 • 631 Ratings

🗓️ 17 October 2021

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Community Q&A comes from Sheila who writes: "Well hi there Shannah, thanks for all the great money gems that you dish out on the show. You’ve really changed my life and I love listening to episodes over and over again because I always learn something else. This podcast is like my fun encyclopedia for all things money. That sounds bad - seriously this show is fun and educational. Ok, so I have a question. I’ve really been thinking about my debt and want to seriously tackle it. I know you’ve done a lot of episodes on this, but curious if there’s one that you could point me to. I’m trying to reframe how I’m thinking about debt too. I know you mention that not all debt is bad...I mean, is that true? I seriously hope it is because it feels really unrealistic to say that I will never have debt and that when I’m debt-free, I won’t have debt again. That just doesn’t make any sense. So I think the trick is to figure out how to pay it off with a strategy as you say and then have a good mindset about debt going forward. Anyway, I’d love to hear any guest again that you think has a good perspective on this whole debt thing. Please keep up the podcast...it’s honestly the reason why my finances are so together and it feels really good." Take a listen to this episode featuring Michael Bovee and his take on debt. Michael is a debt expert and co-founder of Resolve a company that helps people in financial distress navigate their way to financial health. In this chat, Michael shares ways to pay down debt, the nitty-gritty about debt settlement, and the ins and outs of filing for bankruptcy. My rule is there is no room for judgment when it comes to debt – life happens, things happen, let this episode be a tool you can use if you or anyone you know find themselves making debt payoff a top resolution for 2020. Links Resolve Pay Down Debt Episode Sponsors Masterworks.io is the only platform that lets you invest in multimillion-dollar paintings by icons like Basquiat, Banksy, and Harring without breaking the bank. To get priority access to their offerings go to http://www.masterworks.com/mymoney. Go to http://www.shopify.com/mymoney for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. Right now, my listeners can get a bonus of $25 in crypto after you make your first purchase with BlockFi's Bitcoin Rewards Credit Card when you sign up at blockfi.com/MYMONEY. Make it the year you finally cross life insurance off your list, and get protection for your loved ones. Go to http://www.policygenius.com and get started. You could save 50% or more by comparing quotes and start the new year with one less thing to worry about. FOLLOW & SHARE Love this episode? Share it with a few friends so they can learn these valuable money concepts as well. Be sure to FOLLOW and SUBSCRIBE to never miss an episode bit.ly/millennial-money Sign up for my weekly Let’s Talk Money email newsletter https://bit.ly/letstalkmoneyemail Shannah Shares: Community Q&A Have a Shannah Shares question, submit it here https://www.mmoneypodcast.com Follow Me Here for More Money Tips Shannah on Twitter https://twitter.com/shannahgame Shannah on Instagram https://www.instagram.com/shannahgame/ 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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0:00.0	Is all that bad? Find out in this episode of Shauna Share's Community Q&A.
0:06.1	You're listening to Millennial Money with award-winning money expert and serial entrepreneur,
0:11.2	Shana Come to Game, where we flip the script on the old school approach to everything your parents never taught you about money.
0:17.2	Each week, Shana creates a safe space by talking with special guests from around the world
0:21.7	about money wellness, entrepreneurship, traveling like a boss, and what makes millennials tick.
0:27.3	Unique stories, trailblazing perspectives, tips, tricks, and everything there is to know about money.
0:33.0	Find it all here as you uncover your money story and unlock the life you want to live. Pretty cool, right?
0:39.8	Here's Shauna, money expert, Indiana Hoosier, and Burger Aficionado.
0:47.7	Welcome back to the show. So, so good to have you here. I have to tell you these new
0:53.3	Shauna shares episodes are some of my favorites,
0:56.7	because I get to really answer your questions directly, and you have some amazing questions.
1:04.0	There are so many questions that have been sent in that it's going to take me probably years
1:09.0	to get through all the questions, but I like it. I love it,
1:11.7	actually. I was always the kid that never wanted to ask a question in school. So I just let everyone
1:19.6	else ask questions. And I quickly learned that it's okay to ask questions. And when it comes to
1:26.1	money, the more questions you ask, the better off
1:29.5	you're going to be, because this is complicated. It's actually very simple, the way that you
1:37.6	effectively manage money. But what we've done is we just complicated it so much. And then we don't
1:43.8	teach about money so that
1:45.2	complicates it even more than we add stress and anxiety and fear. And before you know it,
1:50.9	it just feels like a tornado and you can't separate what you're supposed to do, what you're
1:57.0	not supposed to do. So it's just a giant cloud of confusion. But what I want you to know
	...

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