Episode #66 Walking forward with Debt without falling into a hole and getting in over your head

Podcast Episode

Has debt got you down?  Do you feel hopeless? Do you know how you got into an unimaginable level of debt?  Today Rick and Brandon examine three types of debt: Student loans, credit cards, and home equity loans, and how you can identify and possibly solve your debt problems.

 

 

 

takeaway_logo_dark (1)       ( Download the Take-Aways!)

  1. Are you considering college or some other educational opportunity?  Look at the big picture before making your decision on whether this will create a lifelong hardship of debt?
  2. Consider educational alternatives and different paths to the same goal.
  3. If you have heavy credit card debt, consider going cash basis.
  4. Analyze WHY you have a credit card debt and don’t repeat the mistakes.
  5. Are you thinking of investing by using your home as a piggy bank? If so, what percentage of equity will you have in your house after this loan?

 

 

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