Podcasts about pay off debt

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There's a noticeable difference between people who talk about getting out of debt and people who actually do it. And surprisingly, it has very little to do with spreadsheets, interest rates, or financial knowledge. Erin and Keri reveal the patterns, behaviors, and internal shifts that consistently show up when debt finally stops being a revolving door. Join our online community: www.getthehelloutofdebt.com  Today's episode is brought to you by Mint Mobile. Get 50% off Unlimited premium wireless. Plans start at $15/month at mintmobile.com/skye Support our sponsor, Chime. Chime is not just smarter banking, it is the most rewarding way to bank. It just takes a few minutes to sign up at chime.com/erin  Leave us a voicemail message here: www.speakpipe.com/erinskyekelly  Purchase Get The Hell Out Of Debt and Naked Money Meetings online or from your favorite bookstore. Learn more about your ad choices. Visit megaphone.fm/adchoices

Can you use whole life insurance to pay off debt? In this real case study, Caleb Guilliams and Denzel Rodriguez ( @DenzelNapoleonRodriguez break down how a properly structured whole life insurance policy was used to pay down $140,000 in student loan debt. We walk through real numbers, cash value, policy loans, interest rates, and when this strategy actually makes sense and when it doesn't. Want a Life Insurance Policy? Go Here: https://bttr.ly/bw-yt-aa-clarity Want FREE Whole Life Insurance Resources & Education? Go Here: https://bttr.ly/yt-bw-vault Want Us To Review Your Permanent Life Insurance Policy? Click Here: https://bttr.ly/yt-policy-review 00:00 Whole Life Insurance Case Study: Paying Off Debt 01:46 Life Insurance to Pay Off Debt 03:55 Pre-policy Parameters 06:53 Rules for Borrowing Against a Policy 08:28 Debt Repayment vs. Starting a Permanent Policy 10:37 Convertible Term Insurance and Debt Snowballing 13:01 High-Interest Debt and Whole Life 16:28 Denzel's Case Study: 22-Year-Old Female with Student Loans 19:26 Student Loans in Forbearance and Interest Capitalization 24:50 When Using Whole Life to Pay Off Debt Makes Sense (and When It Doesn't) 27:03 Comparing Debt Payoff Strategies 31:07 Leveraging Whole Life to Pay Off Debt 34:25 Cash Flow and Debt Repayment 38:52 Leveraging Borrowed Money to Fund Whole Life Insurance 50:45 Importance of Personal Growth and Certainty 55:50 Final Thoughts ______________________________________________ Learn More About BetterWealth: https://betterwealth.com ==================== DISCLAIMER: https://bttr.ly/aapolicy *This video is for entertainment purposes only and is not financial or legal advice. Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

Six Ideas on How to Manage Debt Revisited Episode 364 – According to an estimate by Experian, the average American adult holds $6,501 in credit card debt. Is there a way out? Here are six things that you might want to try. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 364 Hello this is Bill Rainaldi, with another edition of Security Mutual's SML Planning Minute. In today's episode, we take a look back at one of our favorite previous episodes, six ideas on how to manage debt. In today's economy, you don't have to be a big spender to feel overwhelmed by how much you owe. You're certainly not alone. As of late last year, the average American adult held $6,501 in credit card debt, according to an estimate by Experian.[1] This is up 10 percent from the previous year. And credit card interest rates can be as much as 20 percent, or even higher. Once you're saddled with a significant amount of debt, there is rarely an easy way out. But if you're in that situation, here are six things that you might want to try. The idea is to get your debt under control before it has more serious consequences for your financial health. Audit your spending. Have you looked carefully at your car insurance or homeowners insurance? Are you taking advantage of all the available discounts? Would a higher deductible or a different insurer suit your needs? What about your discretionary spending on things like online subscriptions? If you look closely enough, you may find “holes” that you can fill, leaving you more money to pay down your debt. Pay off the high interest debts first. This is sometimes referred to as the “avalanche method,” although it could also be described as simple common sense.[2] The higher the interest rate, the more it will cost you in the long run. And with credit cards, if you pay less than you spend from one month to the next, the amount you owe can accumulate quickly and take a long time to pay off. So, it makes sense to pay off the higher interest debts as soon as you can. Consolidate your debts. Speaking of credit cards, there's something you can do even if you can't afford to pay them off right away. A debt consolidation loan could help ease some of that burden. There are two common ways to consolidate your debt: Personal loans and transferring your existing credit card balance to a new card with a lower—or zero—interest rate.[3] But remember that zero interest rate offers are for a limited time only, often 12 to 21 months.[4] Either a personal loan or a zero interest offer can save a lot of money, but you do have to qualify. The “snowball” technique. Another popular idea is to pay off the card with the smallest balance first. Once you've repaid the balance in full, you take the money you were paying on that debt and use it to help pay down the next smallest balance. Then just keep repeating the process. The idea is that when that first debt is wiped out, you have more resources available to address the next one. Thus, the rate at which you're paying down your debts keeps growing, like a snowball getting larger as it rolls down a hill. Pay more than the minimum. This one should be obvious, but you might not realize how powerful it truly is. Let's say you owe $5,000 on a credit card with a 20 percent interest rate. If you just pay $100 per month on that balance, it will take more than nine years to pay it off. But if you increase the payment to $200 per month, you'll reduce the payback time to less than three years.[5] But that's only half the battle, of course. You'll also need to avoid accumulating more debt in the process. Sell things you no longer need. Baby boomers may remember what life was like before eBay. It's a whole lot easier to get rid of stuff you don't need—and bring in extra cash—than it was back in the 80s. Besides eBay, there are lots of other sites that can help you raise money by getting rid of items you no longer have any use for. One final note. Owing money to someone else is not always such a bad thing, and living debt-free is not always the best choice. You need to look at the details of the debt itself. For example, if you bought a house a few years ago with a 3 percent mortgage and tax-deductible interest, why would you hurry to pay it back? You may be able to get a better rate of return simply by keeping the extra money and investing it. [1] Horymski, Chris. “Average Credit Card Debt Increases 10% to $6,501 in 2023.” Experian.com.https://www.experian.com/blogs/ask-experian/state-of-credit-cards/ (accessed October 21, 2024) [2] Sherman, Emily. “6 Easy Ways to Pay Off Debt.” usnews.com.https://money.usnews.com/money/personal-finance/debt/articles/easy-ways-to-pay-off-debt (accessed October 21, 2024) [3] Frankel, Robin Saks. “5 Steps To Take Now To Save More And Reduce Debt.” Forbes.com.https://www.forbes.com/advisor/personal-finance/steps-to-take-to-save-more-and-reduce-debt/ (accessed October 18, 2024) [4] Coleman, Sara. “The pros and cons of 0% APR credit cards.” Bankrate.com.https://www.bankrate.com/credit-cards/zero-interest/pros-cons-of-zero-percent-apr-cards/?tpt=b (accessed October 21, 2024) [5] Sorter, Amy. “7 tips to help dig your way out of debt.” Bankrate.com.https://www.bankrate.com/personal-finance/debt/ways-to-get-out-of-debt/?tpt=b (accessed October 18, 2024) More SML Planning Minute Podcast Episodes This podcast is brought to you by Security Mutual Life Insurance Company of New York, The Company That Cares®. The content provided is intended for educational and informational purposes only. Information is provided in good faith. However, the Company makes no representation or warranty of any kind regarding the accuracy, reliability, or completeness of the information. The information presented is designed to provide general information regarding the subject matter covered. It is not to serve as legal, tax or other financial advice related to individual situations, because each individual's legal, tax and financial situation is different. Specific advice needs to be tailored to your situation. Therefore, please consult with your own attorney, tax professional and/or other advisors regarding your specific situation. To help reach your goals, you need a skilled professional by your side. Contact your local Security Mutual life insurance advisor today. As part of the planning process, he or she will coordinate with your other advisors as needed to help you achieve your financial goals and objectives. For more information, visit us at SMLNY.com/SMLPodcast. If you've enjoyed this podcast, tell your friends about it. And be sure to give us a five-star review. And check us out on LinkedIn, YouTube and Twitter. Thanks for listening, and we'll talk to you next time. Tax laws are complex and subject to change. The information presented is based on current interpretation of the laws. Neither Security Mutual nor its agents are permitted to provide tax or legal advice. The applicability of any strategy discussed is dependent upon the particular facts and circumstances. Results may vary, and products and services discussed may not be appropriate for all situations. Each person's needs, objectives and financial circumstances are different, and must be reviewed and analyzed independently. 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Are you tired of setting the same goals year after year with nothing to show for it? If December 2025 looks exactly like December 2024, it's time for a new approach.In this episode, Ashleigh Mayfield breaks down the 7 essential life categories you need to address if you want 2026 to be your breakthrough year. Drawing from nearly a decade of coaching women and her own journey to paying off $63,801.99 in just six months, Ashleigh delivers a no-fluff framework for creating lasting change.What you'll learn:Why most people fail at their goals (and it's not what you think)The 7 pillars every vision board needs to includeHow to identify what fills your cup vs. what drains youThe mindset shift that separates those who quit from those who succeedWhy "every time I choose to stop, I disqualify myself" changed everythingPractical strategies for accountability, financial freedom, and building real communityWhether you're building a business, strengthening your marriage, getting your health back on track, or deepening your faith—this episode gives you the roadmap to stop planning to fail and start executing with intention.Key Topics: Goal setting, vision boards, New Year planning, personal development, financial freedom, debt payoff, mental discipline, Christian living, work-life balance, accountability, building community

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Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3389: Mark Dennis explores the classic personal finance dilemma of whether to save more for retirement or focus on paying off debt. Blending both mathematical logic and behavioral psychology, he outlines a hybrid approach that leverages guaranteed investment returns while maintaining motivation through small debt victories, helping you take control of your money and stay on track long-term. Read along with the original article(s) here: https://www.financialfinesse.com/2018/03/29/should-you-save-more-for-retirement-or-pay-off-debt-first/ Quotes to ponder: "Use those good feelings of accomplishment to help motivate you to stay on track and hammer away at the next debt on your list until you kill that one too." "Free money is free money, and nothing beats a guaranteed return on your investment." "People often struggle to fully understand how compound growth works, which leads us to underestimate how much our savings could potentially grow." Episode references: Retirement Estimator Calculator: https://www.calcxml.com/do/ret02 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3389: Mark Dennis explores the classic personal finance dilemma of whether to save more for retirement or focus on paying off debt. Blending both mathematical logic and behavioral psychology, he outlines a hybrid approach that leverages guaranteed investment returns while maintaining motivation through small debt victories, helping you take control of your money and stay on track long-term. Read along with the original article(s) here: https://www.financialfinesse.com/2018/03/29/should-you-save-more-for-retirement-or-pay-off-debt-first/ Quotes to ponder: "Use those good feelings of accomplishment to help motivate you to stay on track and hammer away at the next debt on your list until you kill that one too." "Free money is free money, and nothing beats a guaranteed return on your investment." "People often struggle to fully understand how compound growth works, which leads us to underestimate how much our savings could potentially grow." Episode references: Retirement Estimator Calculator: https://www.calcxml.com/do/ret02 Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3389: Mark Dennis explores the classic personal finance dilemma of whether to save more for retirement or focus on paying off debt. Blending both mathematical logic and behavioral psychology, he outlines a hybrid approach that leverages guaranteed investment returns while maintaining motivation through small debt victories, helping you take control of your money and stay on track long-term. Read along with the original article(s) here: https://www.financialfinesse.com/2018/03/29/should-you-save-more-for-retirement-or-pay-off-debt-first/ Quotes to ponder: "Use those good feelings of accomplishment to help motivate you to stay on track and hammer away at the next debt on your list until you kill that one too." "Free money is free money, and nothing beats a guaranteed return on your investment." "People often struggle to fully understand how compound growth works, which leads us to underestimate how much our savings could potentially grow." Episode references: Retirement Estimator Calculator: https://www.calcxml.com/do/ret02 Learn more about your ad choices. Visit megaphone.fm/adchoices

Are you living paycheck to paycheck and wondering how you'll ever pay off your debt when there's nothing left at the end of the month? In this episode of The Money Mom Podcast, host Rachel Coons—mom of four and grocery budgeting mentor—shares practical, encouraging strategies to help you make real progress on your debt, even when your budget feels impossibly tight.Discover why traditional budgeting advice often falls short, how to shift your money mindset, and the power of small “margin moments” that add up over time. Rachel breaks down actionable steps like finding hidden savings in your grocery budget, choosing the right debt payoff method for your family, and balancing debt repayment with living your life.If you're ready to stop feeling stuck and start celebrating every win, no matter how small, this episode is for you. Tune in and learn how to create financial peace, one small choice at a time.Listen now and join a community of moms cheering you on!xoxo,RachelWhere to find me:Instagram: @heyrachelcoonsJoin me for my next LIVE training 'Save $600 On Groceries'!: REGISTER HERE

Turn your home equity into a plan, not a panic button! This episode gives a clear, practical checklist for using a HELOC or second mortgage wisely: how they work, what they cost, when they help, and when alternatives (like a consumer proposal) will protect your cash flow and your home better. Listen first, then decide with the numbers. (00:00) Toronto condo stress and Welcome to Scott Terrio (05:00) What a HELOC is and how it works (07:30) Second mortgages: key risks (09:00) Home "value" is changing in this market (11:00) HELOC pitfalls and personal risk (15:30) Why many homeowners resist selling (17:00) Could creditors place a lien anyway? Get the numbers (21:00) Banks can cut credit access—even existing limits (25:00) Snapshot of cash flow: budget vs. "budgeting," emergency funds (31:00) Rebuilding plan: why it isn't too late Think Twice Before Getting a Home Equity Line of Credit Episode with Scott Terrio  – Debt Free in 30 HELOC Debt: Is a Home Equity Line of Credit Right for You? Hoyes Michalos DIY Free Credit Repair Course Sign Up for the Monthly Debt Free Digest Hoyes Michalos YouTube Channel Learn About Debt Relief Options in Ontario Disclaimer: The information provided in the Debt Free in 30 Podcast is for entertainment and informational purposes only and is not intended as personal financial advice. Individual financial situations vary and may require personal guidance from a financial professional. The views expressed in this episode do not necessarily reflect the opinions of Hoyes, Michalos & Associates, or any other affiliated organizations. We do not endorse or guarantee the effectiveness of any specific financial institutions, strategies, or digital tools/apps discussed.

Send us a textShould you pay off debt faster or focus on saving money? It's one of the most common—and confusing—financial questions veterinarians face. In this episode, Tom and CJ unpack the trade-offs, emotions, and math behind debt repayment versus saving, sharing simple frameworks that help you find balance instead of burnout. Learn how to create financial freedom within your money habits, so you can build wealth while still sleeping at night.Smarter Vet Podcast-https://flveterinaryadvisors.com/smarter-vet-financial-podcast/Watch the no cost 5 part video course to review your finances and see where you could be doing better in your finances.5 Foundational Steps to Financial Balance Video Course-http://series.flvetadvisors.com/Find out what you could be overlooking within your practice by taking our brief assessmentTest My Personal Financial IQ-https://flveterinaryadvisors.com/personal-test/Sign up for a complimentary phone call to talk about how to get better use of all the cash inside your practice.Schedule a time-https://flveterinaryadvisors.com/contact-usCheck out our social media channelsFacebook-https://facebook.com/flvetadvisorsLinkedIn-https://linkedin.com/company/flvetadvisorsYouTube-https://www.youtube.com/channel/UCAK-PzGDIch3vzKiAjWVrQQ

A surprise $10,000 can feel like a gift and a puzzle at the same time. Do you save it, invest it, or wipe out debt? We break the decision down with real numbers, simple rules, and the human factors that make money choices stick, so you can act with clarity instead of guesswork.We start by using interest rates as the compass. With forward-looking return estimates around five to six percent for a balanced portfolio, many debts at eight to eighteen percent are hard to beat. You will hear why high-rate credit cards should be paid off first, why carrying a balance does not boost your credit score, and how eliminating interest is a guaranteed return that frees cash flow and lowers stress. Then we step into a nuanced case: a 60-year-old with a 4 percent car loan and three years left. On paper, investing can edge out early payoff. In real life, the emotional ROI of fewer bills, simpler budgets, and pre-retirement calm can matter more than a few extra dollars of expected growth.We also map out a practical decision tree: above 6.5 percent, prioritize payoff; below 4 percent, choose based on goals and risk; in the 4 to 6.5 percent band, let context guide you. Emergency funds, income stability, and upcoming expenses can tilt the scales. And if you hold a mortgage under 3.5 percent, we explain why preserving liquidity and investing may outscore prepayment, especially when tapping home equity later could cost six to seven percent. Throughout, we stress the sleep-at-night premium: that mix of certainty, control, and confidence that turns a good financial move into a sustainable habit.If you found this helpful, follow the show, share it with a friend who just got a bonus, and leave a quick review to help others find clear, calm guidance for their next money decision. Envision Financial Planning. 5100 Poplar Avenue, Suite 2428, Memphis, TN 38137. (901) 422-7526. This communication is strictly intended for individuals residing in the United States. Advisory Services offered through Envision Financial Planning, a Registered Investment Adviser.

Snag Our Simplified Budget System!In today's episode of Financial Coaching for Women, we sit down with Ashley—newly married, newly budgeting, and ready to take control of her family's finances. Just two months into their budgeting journey, Ashley and her husband are working hard to live on their salaries alone so they can put commission checks toward debt payoff and long-term goals. But with unexpected expenses, consolidated loans, and a busy family life, staying on track isn't always easy.Together, we walk through her real numbers, real questions, and real challenges. If you're early in your budgeting journey—or trying to get back on track—you'll feel right at home in this conversation.Connect With Us: 1️⃣ Facebook Group – Join the community. Our free group is where the real talk happens. Connect with other women who are learning how to budget, save, and finally feel in control, together. ➡︎ budgetbesties.com/facebook 2️⃣ Automate Your Budget Masterclass – Watch it now, no waiting. This FREE on-demand training shows you how to set up a budget that matches your lifestyle, without tracking every dollar or feeling restricted. ➡︎ budgetbesties.com/automate 3️⃣ Budget – Grab our Simplified Budget System! You don't need another budget, you need a system that does the math, makes the plan, and gives you permission to spend. ➡︎ budgetbesties.com/budget 4️⃣ Private 1-on-1 Coaching – Get a plan and a coach. We'll build your full budget system together, so you always know what to do and feel confident doing it. ➡︎ budgetbesties.com/coaching 5️⃣ Be on the Podcast – Free coaching, real convo. Come chat with us on the show! Get real-time financial coaching and help other women by sharing your story. ➡︎ budgetbesties.com/livecall "I love Shana & Vanessa and this podcast is amazing!"

Build generational wealth starting today. In this Thoughts of an Empath episode, I share 5 core habits (+ a retirement bonus) you can put into practice now. No jargon, just practical steps you can repeat for life. Grow With Us!Website: ➜ Thoughtsofanempath.orgInstagram: ➜ [@HumanLevelConversationsJoin the Human Thoughts Online Community: ➜ https://discord.gg/vfTYJsChTjWhat you'll learn (and start doing): Budget & Pay Yourself First — automate “you-first” savings before bills. Emergency Fund — how much to save and where to keep it. Understand Credit — scores, reports, and habits that lift your limit and lower your rates. Pay Off Debt — simple frameworks (snowball vs. avalanche) and when to use each. Investing Basics — accounts, index funds, and the power of consistency. Bonus: Retirement Planning — 401(k), IRA/Roth IRA, employer match, and contribution order. Continue the journey: Comment: What habit are you starting this week? Share this with a friend who's building for their family's future. Subscribe for more empath-first money and mindset episodes. Disclaimer: I'm not a licensed financial advisor. This content is for educational purposes only and is not financial advice. Please do your own research and consult a qualified professional. #generationalwealth #PersonalFinance #PayYourselfFirst #EmergencyFund #CreditTips #DebtFreeJourney #Investing #RetirementPlanning

Ben and Ernie take up arms in the age old personal finance battle -- pay off your debt first, or get a month ahead on your bills? While they have discussed this topic before, in today's episode they approach the two paths with a balanced view, weighing the pros and cons of each. While they have an obvious bias toward getting a month ahead on your bills, there are certain scenarios where really buckling down on paying off debt might be the best move.   The beautiful thing about this problem is that either way, you are making progress toward a better you. Simply thinking through your approach and evaluating your emotions around debt, financial resilience, and day to day expenses helps align your actions with your priorities -- and at the end of the day, that's what YNAB is all about.   Follow Budget Nerds on YouTube Budget Nerds Livestreams: https://www.youtube.com/@YNABofficial/streams Budget Nerds Episodes: https://www.youtube.com/channel/UCuIUGmbCDklkDCDm-cQqv2g   Share your YNAB wins with Ben and Ernie! budgetnerds@ynab.com  

Debt isn't bad, it's a tool.But how you use it determines whether it accelerates your wealth or quietly eats away at it.In this episode, I break down how to think about debt like an investor, not a victim.You'll learn when it actually makes sense to pay off debt first, how to invest while paying it down, and one sneaky hack to access credit for free (without paying a single dollar in interest). Tune in to learn:Why debt isn't inherently good or bad—and how to leverage it to grow fasterHow to decide when to pay off debt vs invest firstWhy every woman should be investing even with debtThe surprising math behind interest rates that determines your best moveA sneaky 0% balance transfer hack to access credit for free

Snag Our Simplified Budget System!You make way too much money to be in this much debt — and we say that with love. ❤️If you're swiping your credit card for groceries, juggling balances between cards, and convincing yourself it's worth it “for the points,” this episode is for you. We're breaking down the truth about debt — how it keeps you stuck in the past — and showing you what it really means to fund your future instead.Today, we're talking about why your credit card is not your budget, what it looks like to be your own bank, and the small but powerful steps that help you stop relying on debt once and for all.

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In this episode, Aqura breaks down 3 sneaky beliefs about debt that keep you stuck and unable to make progress. If you've been frustrated with your debt payoff journey and feel like you're just spinning your wheels, this episode is for you.You'll learn how to shift your mindset so you can see real progress, even if your balance isn't going down as fast as you'd like. These practical shifts will help you stop stalling and finally move forward with your debt payoff plan.To learn more about 1:1 money coaching with Aqura ⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠. You will find all the details about money coaching, who it's for, what you will achieve and how to book a sales call to start working together.⁠Subscribe to Surplus Living⁠ to have financial peace that outlasts payday. Make surplus living your new normal, so you can have up to $5,000 left over every month and keep it long after payday.Follow Aqura on Instagram.

In this episode of the Personal Finance Podcast,  we are going to do a Money Q&A  about should you pay off debt or invest first. Today we are going to answer these questions: Question 1: Should I build my emergency fund to $20,000 first, or start paying down my mortgage and investing at the same time? Question 2: Is my bonus payoff plan the best option, or should I prioritize my 12% personal loan or Roth IRA contributions instead? Question 3: Should I use my $8,000 tax refund to max out my Roth IRA this year, or finish building my 3-month emergency fund first? Question 4: What are the best books and resources for someone getting started with real estate investing, especially in rental properties? Question 5: Should I sell my current home and use the equity for a down payment and student loans, or keep it as a rental — and how does the FHA assumable loan factor in? Question 6: [Placeholder for your next listener question] How Andrew Can Help You: Listen to The Business Show here. Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future where your aspirations are not just wishes but realities. Enroll now and make this year count! Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Learn to invest by joining  Index Fund Pro! This is Andrew's course teaching you how to invest!  Watch The Master Money Youtube Channel! , Ask Andrew a question on Instagram or TikTok Learn how to get out of Debt by joining our Free Course  Leave Feedback or Episode Requests here.  Car buying Calculator here Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast DELL: Get a new Dell AI PC starting at $749.99, at Dell.com/ai-pc  Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance Acorns: Start investing automatically with Acorns and get a $5 bonus at Acorns.com/PFP  Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn't affect your credit score. Get started at chime.com/  Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote. Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at  shopify.com/pfp Go to https://joindeleteme.com/PFP20/ and Use Promo Code PFP for 20% off!    Links Mentioned in This Episode: The 1-3-6 Method For Building & Managing Your Emergency Fund Connect With Andrew on Social Media: Instagram TikTok Twitter Master Money Website Master Money Youtube Channel  Free Guides: The Stairway to Wealth: The Order of Operations for your Money How to Negotiate Your Salary The 75 Day Money Challenge Get out Of Debt Fast Take the Money Personality Quiz Learn more about your ad choices. Visit megaphone.fm/adchoices

This week, Brian and Jeremiah tackle some of the toughest money choices listeners face. Should you use an inheritance to pay off a low-interest mortgage or invest for growth? Is gold really the “safe haven” people believe it to be or just another speculative bet? And how do you plan ahead for long-term care costs without draining your family's savings? Real-world calls drive the conversation, with questions about paying down debt, structuring investments, and balancing family responsibilities. The guys break down the math and the mindset, showing why the “obvious” answer isn't always the best financial move. Plus, they also zoom out to cover big-picture topics: the role of insurance in retirement, why cash alone isn't a strategy, and how to think about risk when the markets feel uncertain.   Listen, Watch, Subscribe, Ask! https://www.therealmoneypros.com Host: Brian Wiley & Jeremiah Bates ————————————————————— SPONSORS: Ataraxis PEO https://ataraxispeo.com Tree City Advisors of Apollon: https://www.treecityadvisors.com Apollon Wealth Management: https://apollonwealthmanagement.com/ —————————————————————

957. Laura answers a question about using funds in a retirement plan to pay off credit cards and medical debt.Find a transcript here. Have a money question? Send an email to money@quickanddirtytips.com or leave a voicemail at (302) 364-0308.Find Money Girl on Facebook and Twitter, or subscribe to the newsletter for more personal finance tips.Money Girl is a part of Quick and Dirty Tips.Links:https://www.quickanddirtytips.com/https://www.quickanddirtytips.com/money-girl-newsletterhttps://www.facebook.com/MoneyGirlQDT

Getting out of debt can feel impossible, especially when you're building a therapy practice, managing student loans, and trying to make your work sustainable for the long haul.Jacent Wamala, a licensed marriage and family therapist, financial wellness coach, and founder of Wamala Wellness, joins Michael Fulwiler to share how she paid off nearly $100,000 in debt in just three years. Jacent talks candidly about her journey through divorce, grief, and financial instability, and how those experiences shaped the way she supports other therapists in doing the same.This episode is packed with practical advice and mindset shifts for therapists who want to take control of their finances without sacrificing their mission to help others.In the conversation, they discuss:Why debt payoff is more about mindset than mathHow to create a money plan that aligns with your lifeWhat it means to build a “money team” for your businessConnect with the guest:Jacent on Instagram: https://www.instagram.com/jacentwamala/ Jacent on LinkedIn: https://www.linkedin.com/in/jacent-wamala-aa8baa194/Jacent on YouTube: https://www.youtube.com/channel/UC_i5S1hB1NAe1v2xxg3kUQA Visit the Wamala Wellness website: https://www.wamalawellness.com/ Connect with Michael and Heard:Michael's LinkedIn: https://www.linkedin.com/in/michaelfulwiler/ Newsletter: https://www.joinheard.com/newsletter Book a free consult: joinheard.com/consult Related Webinars: https://www.joinheard.com/events/debt-free-therapist-strategies-for-financial-liberation, https://www.joinheard.com/events/mastering-financial-wellness Episode blog post: https://www.joinheard.com/articles/how-i-paid-off-94-000-in-debt-in-3-years-as-a-marriage-and-family-therapist Jump into the conversation:(00:00) Welcome to Heard Business School(01:20) Meet Jacent Wamala(03:10) Why She's Not a Financial Therapist(03:46) Growing Up Ugandan-American And Moving to Vegas(07:26) The Cost of Grad School Debt(10:07) Divorce, Grief, And Her Financial Turning Point(12:56) Calculating Net Worth Changed Everything(15:24) What Net Worth Really Tells You(19:28) Avoidance vs. Acceptance in Money Mindset(21:22) Budgeting and Setting Clear Debt Goals(23:03) Living Lean to Accelerate Debt Payoff(25:58) Building a Money Team for Support(28:00) It's Mindset, Not Just Math(31:00) Real Therapist Success Story: Alicia's Journey(35:23) Hesitation, Self-Sabotage, And Getting Help(37:10) Raise Your Rates And Restructure Finances(40:19) The Most Common Mistake: Disorganization(44:05) Finance Strategies Must Fit Your Lifestyle(45:58) Debt Payoff Methods Explained(49:21) Using Profit-First To Manage Your BusinessThis episode is to be used for informational purposes only and does not constitute legal, business, or tax advice. Each person should consult their own attorney, business advisor, or tax advisor with respect to matters referenced in this episode.

So much is possible when you get intentional about your money. Chelsea Riffe's journey is proof that you don't have to wait to take action. You can make aligned, empowering financial choices right where you are, even if you're halfway across the world.  After a whirlwind group trip left her deep in debt, Chelsea made a bold decision: get serious about her finances without putting her nomadic lifestyle on pause.  She chose destinations with lower costs of living, kept her rent under $1,000 per month, embraced co-living, cooked her meals, and created a simple, sustainable budgeting system that worked on the road. Chelsea didn't wait to become debt-free to live her dream life. Instead, she paid off over $10,000 in credit card debt while traveling full-time — proving that it's possible to pursue financial freedom and explore the world at the same time. This conversation is packed with practical takeaways and mindset shifts for anyone balancing debt, travel, and personal growth.   Resources Mentioned  I Will Teach You To Be Rich by Ramit Sethi (book)  Money for Couples Podcast by Ramit Sethi All Bank - get $100 when you open a new bank account Coliving.com - find affordable coliving spaces in 70+ countries  Outsite.co - find coliving spaces, community, and perks for remote workers   Connect With Chelsea Riffe  Website: chelseariffe.com Podcast: In My Non-Expert Opinion Instagram: @chelseariffe   Other Episodes You'll Enjoy:  Ways To Travel Without Getting into Debt - Episode 143  How To Travel Debt-Free with Cinneah El-Amin - Episode 82  Digital Nomad Lifestyle Pros and Cons with Tom Blake - Episode 84  

SPONSOR: Direct Bullion. Download your free Guide to Gold Pensions Now. (plus get a special bonus).CLICK HERE NOW: https://robmoore.directbullion.com Join Rob as he shares the fastest way to pay off debt! VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter https://robmoore.com/podbooks rob.team ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK's No.1 business podcast “The Disruptive Entrepreneur” “If you don't risk anything, you risk everything” CONTACT METHOD Rob's official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979 See omnystudio.com/listener for privacy information. This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/

Paying off debt sounds smart, but what if investing could get you further ahead? That's the question Alec and I are looking at this week on Talking Cents. Neither is a bad idea, but we're taking a look at the pros and cons of each so you can make the best decision for YOUR personal circumstances. And if you're just getting started, we've got a free tool available for you to check out at https://sparkmywealth.com/

In this episode of the Personal Finance Podcast,  we are going to talk about  how much should be in your emergency fund by age? How Andrew Can Help You:  Listen to The Business Show here. Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future where your aspirations are not just wishes but realities. Enroll now and make this year count! Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Learn to invest by joining  Index Fund Pro! This is Andrew's course teaching you how to invest!  Watch The Master Money Youtube Channel! , Ask Andrew a question on Instagram or TikTok.  Learn how to get out of Debt by joining our Free Course  Leave Feedback or Episode Requests here.  Car buying Calculator here Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast. Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at  shopify.com/pfp Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn't affect your credit score. Get started at chime.com/ Thanks to Fundrise for Sponsoring the show! Invest in real estate going to fundrise.com/pfp Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote. Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance Shop Data Plans and Save Big at mintmobile.com/pfp  Go to https://joindeleteme.com/PFP20/ for 20% off!  Links Mentioned in This Episode:  How to Invest In Yourself and Earn More (THIS YEAR!) How I would Invest Large Sums of Cash - Money Q&A Pay Off Debt or Keep Investing? (Money Q&A) The 1-3-6 Method For Building & Managing Your Emergency Fund The Insurance You MUST HAVE and What You Don't Need Connect With Andrew on Social Media:  Instagram  TikTok Twitter  Master Money Website  Master Money Youtube Channel   Free Guides:   The Stairway to Wealth: The Order of Operations for your Money  How to Negotiate Your Salary  The 75 Day Money Challenge  Get out Of Debt Fast  Take the Money Personality Quiz Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of The Table with Anthony ONeal, we're back answering your real-life money questions! Members of our E3 family are calling in with honest financial challenges, and we're delivering practical, real-time solutions. These conversations go far beyond the callers, each one is packed with insights and strategies you can apply to your own financial journey. Whether you're facing debt, budgeting struggles, or looking to build wealth, this show offers something for everyone. Don't just listen...get involved! Call in, get your questions answered, and let's grow together on the journey to financial freedom.▶️ Watch the full episode here: https://youtu.be/7fRf2NKm1xk☎️ Ask AO: (771)-224-8131(leave a 60 sec. voice message)Mentioned On Today's Show:**This video is kindly sponsored by Ethos!**

In this roundtable conversation, Todd Langford, Denzel Rodriguez, Daniel Rondberg, and Caleb Guilliams walk through every variable — interest rates, compounding, cash flow, risk, flexibility, and even tax deductions for velocity banking. Does this concept actually work to pay off mortgages faster or is it a wash? Check out everyones channel: Todd Langford: https://www.youtube.com/@TruthConcepts Denzel Rodriguez: https://www.youtube.com/@DenzelNapoleonRodriguez Daniel Rondberg: https://www.youtube.com/@DanielRondberg 00:00 Understanding Mortgage Payoff Strategies02:34 The Role of Velocity Banking05:20 Comparing HELOC and Traditional Mortgages07:55 Cash Flow and Interest Rates10:34 Analyzing Interest Savings with HELOC12:30 Income and Expense Management14:46 The Impact of Accelerated Payments17:57 Tax Implications of Mortgage Payments20:24 Final Thoughts on Mortgage Strategies25:20 Understanding Interest Rates and Mortgage Strategies31:32 The Impact of Debt on Financial Decisions35:04 Comparing Payment Strategies: HELOC vs Traditional Payments43:59 Evaluating the Role of Time Value of Money50:43 Entrepreneurial Perspectives on Debt Management58:14 The Emotional Weight of Debt59:15 Understanding Debt vs. Cash Flow01:00:38 The Debate on HELOC vs. Savings01:02:28 Velocity Banking Explained01:04:46 Cultural Perspectives on Debt01:06:37 The Role of Emotion in Financial Decisions01:08:31 Comparative Rates and Financial Strategies01:11:19 Risk-Adjusted Returns and Financial Planning01:14:01 The Importance of Rate in Financial Decisions01:18:22 Final Thoughts on Financial StrategiesDISCLAIMER: https://bttr.ly/aapolicy*This video is for entertainment purposes only and is not financial or legal advice.Financial Advice Disclaimer: All content on this channel is for education, discussion, and illustrative purposes only and should not be construed as professional financial advice or recommendation. Should you need such advice, consult a licensed financial or tax advisor. No guarantee is given regarding the accuracy of the information on this channel. Neither host nor guests can be held responsible for any direct or incidental loss incurred by applying any of the information offered.

On today's episode we're giving you the step by step priority list for which debts to tackle first. This is not the strategy you chose to get debt-free; this is the playbook for when life hits the brakes you need to triage some stuff. This is a common situation and one that can be really tense without guidance, so our hope is that you hear our voices in your brain if you ever have to navigate this type of situation. Hang in there, Toasties.    In this episode, we chat about: High priority debts Triaging what to pay Putting debt shame aside   TODAY'S PODCAST SPONSOR Crew Finance Sign up today for free and Crew is giving $25 to any Toasties who deposit $500 or more trycrew.com/toast  Use code TOAST MENTIONED IN THIS EPISODE: Crew Finance Empowered Money Academy ABOUT PRICE OF AVOCADO TOAST: Listen in with Haley and Justin Brown-Woods, married millennials picking up the pieces from the financial fiasco they created as a young couple.  They want to normalize conversations about money and learn from others on the path towards financial empowerment. Whether you are just getting started on your debt-free journey, or if you are really starting to hit your stride, this podcast is for YOU!  Join weekly as they interview some others who have done it the right way, the wrong way, and every way in between. Avocado toast may cost a pretty penny, but that doesn't mean it can't be in your budget! FIND HALEY AND JUSTIN ONLINE + SOCIAL MEDIA HERE: Join Empowered Money Academy priceofavocadotoast.com Price of Avocado Toast Instagram Price of Avocado Toast Twitter Price of Avocado Toast Threads Price of Avocado Toast on TikTok Price of Avocado Toast Facebook Join the Price of Avocado Toast Newsletter OTHER LINKS: Apply for 1:1 Coaching With Haley & Justin Schedule a Budget Builder call with Haley & Justin Price of Avocado Toast customizable 12 month budgeting template   RECOGNITION: Audio engineer: Garrett Davis

In this episode of the Personal Finance Podcast,  we are going to talk about  how to get out of debt the fast way with the 7-0 method. How Andrew Can Help You:  Listen to The Business Show here. Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future where your aspirations are not just wishes but realities. Enroll now and make this year count! Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Learn to invest by joining  Index Fund Pro! This is Andrew's course teaching you how to invest!  Watch The Master Money Youtube Channel! , Ask Andrew a question on Instagram or TikTok.  Learn how to get out of Debt by joining our Free Course  Leave Feedback or Episode Requests here.  Car buying Calculator here Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast. Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at  shopify.com/pfp Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn't affect your credit score. Get started at chime.com/ Thanks to Fundrise for Sponsoring the show! Invest in real estate going to fundrise.com/pfp Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote. Go to https://joindeleteme.com/PFP20/ for 20% off! Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance Turn your business dream into reality! Apply now at www.oneday.org/pfp  Go to Acorns.com/pfp and start automating your investments and get a $5 bonus today! Shop Data Plans and Save Big at mintmobile.com/pfp   Links Mentioned in This Episode:  The Fastest Way to Pay Off Debt Relevant Episodes: Should I Pay Off Debt or Keep The Money Invested? - Money Q&A Pay Off Debt or Keep Investing? (Money Q&A) How to Never Go In Debt During The Holidays Again - Money Q&A Connect With Andrew on Social Media:  Instagram  TikTok Twitter  Master Money Website  Master Money Youtube Channel   Free Guides:   The Stairway to Wealth: The Order of Operations for your Money  How to Negotiate Your Salary  The 75 Day Money Challenge  Get out Of Debt Fast  Take the Money Personality Quiz Learn more about your ad choices. Visit megaphone.fm/adchoices

Debt is a drag, and eliminating debt can be a long process. Allissa walks us through the steps and shares some tips to pay off business and personal debt. Resources: Ruth Werner author of A Massage Therapist's Guide to Pathology in its 7th edition. Visit www.ruthwerner.com to grab a spot at the next "Stump the Pathology Teacher" online event, monthly on third Thursdays at 5 pm Pacific, 8 pm Eastern.  Ep 489 – Managing an Irregular Income https://www.abmp.com/podcasts/ep-489-managing-irregular-income-business-or-pressure-allissa-haines   Host: Allissa Haines is a practicing massage therapist and business owner. You can find her building websites and coaching massage therapists at deepbreathdigital.com. Author links: Website: www.deepbreathdigital.com

In this episode, we explore how to tackle debt without sacrificing the things that bring joy and meaning to life. From intentional travel planning to evaluating extracurriculars for your kids, we discuss ways to align spending with personal values and maintain a sustainable financial journey. Plus, we dig into practical tools and mindset shifts to help you make confident, values-based decisions around money. In this episode, we chat about: Intentional spending  Aligning spending with your values Understanding the trade-offs and balance   MENTIONED IN THIS EPISODE: Empowered Money Academy   TODAY'S PODCAST SPONSOR Crew Finance Sign up today for free and Crew is giving $25 to any Toasties who deposit $500 or more trycrew.com/toast  Use code TOAST ABOUT PRICE OF AVOCADO TOAST: Listen in with Haley and Justin Brown-Woods, married millennials picking up the pieces from the financial fiasco they created as a young couple.  They want to normalize conversations about money and learn from others on the path towards financial empowerment. Whether you are just getting started on your debt-free journey, or if you are really starting to hit your stride, this podcast is for YOU!  Join weekly as they interview some others who have done it the right way, the wrong way, and every way in between. Avocado toast may cost a pretty penny, but that doesn't mean it can't be in your budget! FIND HALEY AND JUSTIN ONLINE + SOCIAL MEDIA HERE: Join Empowered Money Academy priceofavocadotoast.com Price of Avocado Toast Instagram Price of Avocado Toast Twitter Price of Avocado Toast Threads Price of Avocado Toast on TikTok Price of Avocado Toast Facebook Join the Price of Avocado Toast Newsletter OTHER LINKS: Apply for 1:1 Coaching With Haley & Justin Schedule a Budget Builder call with Haley & Justin Price of Avocado Toast customizable 12 month budgeting template   RECOGNITION: Audio engineer: Garrett Davis

In this episode, Dr. Peter Kim tackles a big financial question: Should you pay off debt first or start investing? He breaks down the pros and cons of each path, shares real-life examples, and offers a simple framework to help you decide what's right for you. Whether you're focused on freedom, cash flow, or peace of mind—this episode will help you take your next step with confidence. Still debating whether to pay off debt or start investing? Download the Doctor's 5-Minute Cheat Sheet: Pay Off Debt or Invest First—a fast, practical guide to help you decide with clarity. Use Peter's proven hybrid formula, answer 5 key questions, and take your next financial step with confidence. Download the Guide Now! Are you looking for a community to encourage you as you begin, or want to accelerate your business to the next level? Then join thousands of physicians who share the same journey of creating their ideal lives through multiple streams of income by joining us in our Facebook communities such as Passive Income Docs and Passive Income MD. Like what you heard? Subscribe and Rate Us!

Radio personality Dave Ramsey is a huge name in the personal finance niche. While he's celebrated for helping countless listeners take control of their finances, many of his recommendations have sparked debate within the financial planning community.  I'm going to break down six of the most controversial opinions promoted by Ramsey, including advice on retirement withdrawals, debt payoff strategies, Roth accounts, investing approaches, mortgages, and the use of credit cards. I will also weigh up the pros and cons of Ramsey's methods, highlighting where they might help and where they might hinder your journey towards a successful retirement.  Whether you're a Dave Ramsey fan or just curious about best practices for financial wellness, this episode offers a thoughtful, practical take on some hotly contested money moves. You will want to hear this episode if you're interested in... [0:00] Exploring Dave Ramsey's financial advice and when it might not work for you. [07:07] Contribute to your retirement plan to at least match company contributions while managing high-interest debt. [09:07] Prioritize pretax 401(k) contributions for potential tax savings and growth, especially for high earners and those nearing retirement. [13:57] Some active funds may outperform the market, but it's challenging. Paying off all debt immediately may not always be ideal. [17:43] The problem with cash or debit use and envelope budgeting to control spending and avoid debt. [20:11] Limiting credit card use could cause missed benefits. Debunking Controversial Dave Ramsey Financial Advice In the world of personal finance, few names are as recognized as Dave Ramsey. He's helped countless listeners reclaim control of their money, but not all his advice sits comfortably with financial professionals. This week, I'm exploring several of Ramsey's most controversial recommendations, offering candid insight into where these strategies may fall short for those planning a secure retirement. 1. The 8% Retirement Withdrawal Rule is Riskier Than It Seems Dave Ramsey suggests that retirees can safely withdraw 8% of their portfolio annually. He justifies this by assuming long-term market returns of 11-12%. The problem is that average long-term returns are generally projected in the 6-8% range, and those figures often require heavy equity exposure, something unsuitable for most retirees due to the risk of major market downturns. The more widely accepted “safe withdrawal rate” is between 4 and 5%, supported by decades of research. Relying on Ramsey's higher figure may rapidly deplete retirement savings, especially during bear markets. Retirees should consider their investment mix and plan for longevity, erring on the side of caution to avoid outliving their assets. 2. Pay Off Debt, But Not at the Expense of Retirement Savings One of Ramsey's hallmark principles is eliminating all debt before focusing on retirement contributions. While high-interest debt like credit cards should indeed be a priority, neglecting retirement savings, especially employer-matched 401(k) contributions, means missing out on invaluable compounding growth and free money from your employer. Ideally, individuals should strive for a balanced approach: aggressively tackle high-interest debt while contributing enough to their workplace retirement plan to secure the full employer match, and, if possible, work towards saving 10-20% of salary for retirement. 3. All Roth, All the Time? Not Necessarily Ramsey strongly favors Roth accounts for retirement savings, arguing that after-tax contributions and tax-free withdrawals offer valuable benefits. While Roth accounts can be powerful, particularly for young savers or those in lower tax brackets. For higher earners, often in their peak earning years, the upfront tax deduction of pre-tax 401(k) or IRA contributions can provide meaningful savings. Since many retirees drop into a lower tax bracket after leaving the workforce, traditional accounts can be more tax-efficient for certain households. Morrissey advises tailoring the choice to individual circumstances, considering both current and expected future tax rates. 4. Active vs. Passive Investing Ramsey promotes active mutual fund management and even suggests that up-front mutual fund commissions are worthwhile. In the last decade, though study after study has shown that most active fund managers fail to outperform inexpensive index (passive) funds after fees. With some actively managed mutual funds charging fees of over 1%, the compounding effect of those costs can dramatically diminish returns over decades. Passive investing, through low-cost index funds, allows investors to keep more of their money and often experience better outcomes. The same is true for mutual fund commissions; with so many no-load, low-fee options available, there's little justification for paying unnecessary charges. 5. Mortgage Payoff Strategies Ramsey encourages paying off all debt, including mortgages, as quickly as possible and recommends only taking out 15-year mortgages. While debt freedom is a worthy goal, for many, low-interest mortgage debt (especially at rates under 5%) isn't necessarily worth rushing to eliminate. Investing surplus funds in the stock market historically yields higher returns than today's mortgage rates. Additionally, restricting home purchases to what's affordable on a 15-year mortgage makes homeownership unattainable for many. It's more beneficial to keep total debt payments below 35% of gross income and focus on long-term wealth accumulation. 6. Ditching Credit Cards? Ramsey's final controversial opinion is to avoid credit cards altogether and rely instead on cash or debit. While this is a great strategy for habitual overspenders or those burdened by credit card debt. However, for disciplined users, credit cards offer valuable perks, such as travel rewards and cash back, often up to 2% or more. These rewards, when paired with responsible habits (paying off balances monthly), can add up to significant savings without the risk of debt. Dave Ramsey has helped millions move toward better financial habits, but some of his advice may not serve everyone equally well. There's no one-size-fits-all approach to money. Evaluating your financial landscape and consulting with a fiduciary professional are key steps toward making smart choices that truly align with your goals and circumstances. Resources Mentioned Dave Ramsey's Website A Total Money Makeover by Dave Ramsey Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Download my entire book for FREE  Connect With Morrissey Wealth Management  www.MorrisseyWealthManagement.com/contact   Subscribe to Retire With Ryan

In this episode of the Personal Finance Podcast,  we are going to do a Money Q&A about  should you pay off debt or keep investing. Today we are going to answer these questions!  Question 1: How do I handle high expense ratios in my child's Roth IRA? Should I switch vendors, change funds, or stay the course? Question 2: How do I get smarter about small business finances—write-offs, taxes, and making better financial decisions? Question 3: Is disability insurance worth it? Who really needs it and what should I look out for in a policy? Question 4: With $150K in student loans and a strong investment strategy, should I focus on paying off debt or keep investing? Question 5: As I start a web design side business in California, should I create an LLC or a Corporation—and what should I consider long term?   How Andrew Can Help You:  Listen to The Business Show here. Don't let another year pass by without making significant strides toward your dreams. "Master Your Money Goals" is your pathway to a future where your aspirations are not just wishes but realities. Enroll now and make this year count! Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here! Learn to invest by joining  Index Fund Pro! This is Andrew's course teaching you how to invest!  Watch The Master Money Youtube Channel! , Ask Andrew a question on Instagram or TikTok.  Learn how to get out of Debt by joining our Free Course  Leave Feedback or Episode Requests here.  Car buying Calculator here Thanks to Our Amazing Sponsors for supporting The Personal Finance Podcast. Shopify: Shopify makes it so easy to sell. Sign up for a one-dollar-per-month trial period at  shopify.com/pfp Chime: Start your credit journey with Chime. Sign-up takes only two minutes and doesn't affect your credit score. Get started at chime.com/ Thanks to Fundrise for Sponsoring the show! Invest in real estate going to fundrise.com/pfp Thanks to Policy Genius for Sponsoring the show! Go to policygenius.com to get your free life insurance quote. Go to https://joindeleteme.com/PFP20/ for 20% off! Indeed: Start hiring NOW with a SEVENTY-FIVE DOLLAR SPONSORED JOB CREDIT to upgrade your job post at Indeed.com/personalfinance Turn your business dream into reality! Apply now at www.oneday.org/pfp  Go to Acorns.com/pfp and start automating your investments and get a $5 bonus today! Delete Me: Use Promo Code PFP for 20% off! Shop Data Plans and Save Big at mintmobile.com/pfp   Relevant Episodes:  From 100K in Debt to Building Generational Wealth as a Couple with Josh and Ali (The FI Couple) How to Go from in Debt to Millionaire in 10 Years with George Kamel How to Never Go In Debt During The Holidays Again - Money Q&A How I would Invest Large Sums of Cash - Money Q&A How to Invest In Yourself and Earn More (THIS YEAR!) Connect With Andrew on Social Media:  Instagram  TikTok Twitter  Master Money Website  Master Money Youtube Channel   Free Guides:   The Stairway to Wealth: The Order of Operations for your Money  How to Negotiate Your Salary  The 75 Day Money Challenge  Get out Of Debt Fast  Take the Money Personality Quiz Learn more about your ad choices. Visit megaphone.fm/adchoices

It has been a while since Ben and Ernie have done an old fashioned debt payoff episode, but it's still one of the hottest topics when it comes to personal finance. And in their veiw, at least, paying off debt is where most of the personal finance world gets it wrong. YNAB has a unique method for paying off debt with an emphasis on sustainability and maintaining motivation. The key is to learn how to plan for future large and less frequent expenses so that you don't continue to get into more debt.   Another key is to remember that we are humans, not numbers. So while the personal finance sphere may dive into the deep end of working out the math on interest rates and pay down schedules, at the end of the day it doesn't matter if you can't sustain your pay off plan. To that end, Ben and Ernie offer YNAB's four step process for paying off your debt without going crazy and without living like a monk. There's even room for fun money!     Follow Budget Nerds on YouTube Budget Nerds Livestreams: https://www.youtube.com/@YNABofficial/streams Budget Nerds Episodes: https://www.youtube.com/channel/UCuIUGmbCDklkDCDm-cQqv2g   Share your YNAB wins with Ben and Ernie! budgetnerds@ynab.com   Get your tickets to YNAB Fan Fest 2025! Coming to San Diego, Minneapolis, and NYC. Tickets are ON SALE NOW: YNAB.com/events

Can't figure out how to buy multiple rental properties a year with your current income? Wondering whether you should get rid of your student loans before buying your next property? Maybe your market is too expensive, so is it time to go out of state instead? These are some of the most common questions we see on the BiggerPockets Forums, and today, we're answering them so you can get to your next rental(s) faster, even if you've got debt and even if your home market is too expensive. First, we're explaining when and why we buy properties without ever seeing them in real life. Isn't that a huge risk? Yes—if you do it the wrong way. Next, should you invest out-of-state if your home market is too expensive, and if you decide to do so, what should you know BEFORE buying a property well outside driving distance? Want to scale faster? We're discussing purchasing multiple rental properties a year and when it's time to grow your real estate portfolio. Got student debt? You're not alone! Henry had his student loans until recently and still heavily invested in real estate. But, if your interest rate crosses a certain threshold, we'd definitely recommend reconsidering real estate investing. Stay tuned; we'll share when your debt is too much to invest.   Join BiggerPockets Momentum 2025 to supercharge your investing this year! In This Episode We Cover: How to buy multiple rental properties a year and when it's time to scale  Paying off debt vs. investing and whether six-figure student loans are stopping you Buying rentals sight unseen, the risks, and why we do it under certain circumstances Out-of-state investing 101 and signs it's time to leave your home market to invest elsewhere Keeping vs. selling a negative cash-flowing rental property (and when to hold for equity) And So Much More! Links from the Show Join BiggerPockets for FREE Let Us Know What You Thought of the Show! Ask Your Question on the BiggerPockets Forums BiggerPockets YouTube Grab Dave's New Book, “Start with Strategy” Get Fully Customizable Insurance Coverage for All Phases of Occupancy on One Monthly Schedule and Bill with NREIG Sign Up for BiggerPockets Momentum 2025 to Supercharge Your Investing This Year Property Manager Finder Ask Your Question on the BiggerPockets Forums Connect with Henry Connect with Dave (00:46) Buy Rentals Sight Unseen? (06:03) Out-of-State Investing 101 (10:59) Ask Us Questions LIVE! (12:37) Buy 2 Rentals in 1 Year? (16:12) Invest While in Debt? (21:46) Keep Negative Cash Flow Property? (27:03) Post Your Question! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-1070 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices