EPISODE 84: IS ALL DEBT EQUAL?
Welcome to the Monday Money Tip Podcast! In this episode, we’re talking about debt, specifically, is all debt equal. We’ll discuss the different types of debt and break down what kind of debt you should avoid and if there is any debt that is ok to have. Everyone has a different opinion, so we’re breaking it down for you. In our Current Money Events segment, we’re sharing the updated contribution limits to your retirement accounts and other tax-advantaged investment accounts. Our success story comes from David, who is almost halfway up rung #4 of the I Was Broke. Now I’m Not. Ladder!
About the Episode:
Today, we’re answering: “I want to hear your thoughts on debt. Dave Ramsey says, “NO!” to all debt - except for maybe a house. Others say, “Use other people’s money.” I’m so confused. Help!”
In our Current Money Events segment, we’re sharing the updated contribution limits to your retirement accounts and other tax-advantaged investment accounts.
Our success story comes from David, who is almost halfway up rung #4 of the I Was Broke. Now I’m Not. Ladder!
Resources:
I Was Broke. Now I’m Not. Participant Kit + FREE Access to Online Study
I Was Broke. Now I’m Not. Group Study DVD
0% Balance Transfer Credit Cards
Article - IRS Retirement Plan Contributions
Article - IRS Internal Revenue Bulletin
IWBNIN Ladder
Debt Tools
Next Step: Debt
Other Monday Money Tip Podcast Episodes on Debt:
Episode 36 - Bite-Sized Debt
Episode 28 - 8 Ways to Speed Up Debt Elimination
Episode 19 - Is All Debt Bad?
Episode 18 - How to Pay Off Debt Quickly
Email [email protected] to ask questions or share success stories.
Follow Us:
Twitter: @iwasbroke | @joesangl
Instagram: @iwbnin | joesangl
Website: www.iwbnin.com | www.josephsangl.com