logo
episode-header-image
Oct 2020
28m 44s

Good Debt/Bad Debt

Girls That Invest
About this episode

Recent studies show us what many of us already know: debt is about so much more than money. Join Sim & Sonya as they explore the fear behind the psychological aspects of debt, good debt' and 'bad debt' and the two most popular ways to pay off your debt: debt snowball and debt avalanche (thanks Dave Ramsey!)

Watch the episode on Youtube here


For more Friends That Invest:


Stock Market Tea newsletter: build financial freedom in under 5 minutes a week. Join 115,000+ investors in training.

Instagram

TikTok

Twitter

Facebook






Hosted on Acast. See acast.com/privacy for more information.

Up next
Jun 1
The Market Is Changing Again… Do This
This week, Sim breaks down the latest Federal Reserve interest rate news and explains what rising interest rates could mean for your investments, mortgage, savings, and financial future. She explores why stock markets often fall when rates rise, how inflation and economic growth ... Show More
17m 44s
May 25
How to Handle Finances as a Couple (The Right Way)
This week, Sim breaks down the money conversations every couple needs to have, from financial red flags and secret debt to budgeting, investing, prenups, and building wealth together. She shares practical advice on combining finances, navigating different money mindsets, and why ... Show More
30m 12s
May 18
My Honest FIRE Q&A: Money, Work & Wealth After Retirement
This week, Sim answers your biggest money, investing, and lifestyle questions in a candid Q&A episode covering everything from spending anxiety and lifestyle creep to FIRE, investing strategy, and building financial discipline. She shares her honest thoughts on wealth, index fund ... Show More
43m 4s
Recommended Episodes
Apr 2023
Your Complete Guide to Paying Off Debt
Are you ready to get rid of debt but don't know where to start? In this episode, I break down how to think about debt, strategies to pay it off, and why being completely debt-free should never be the goal. Just a quick note, this episode is not just for newbies. When I was a work ... Show More
34m 19s
May 2023
How to Pay off Your Debt: Strategies and Tips to Get Rid of Debt Fast
Are you struggling to finally break free from debt? In this solo episode, I’m breaking down how to think about debt, strategies to pay it off, and why being completely debt-free should never be the goal. Just a quick note, this episode is not just for newbies. When I was a workin ... Show More
33m 49s
Dec 2019
Get Rid of Debt for Good (with Michael Bovee)
I've got a question for you. What would it feel like to be debt-free, to start over from a blank page, to not have that stress and worry hanging over you? I would imagine pretty good – but becoming debt-free takes time, some tips and tricks and as Michael Bovee says, it’s all abo ... Show More
46m 57s
Jan 2024
488: How to Pay Off Credit Card Debt FAST ($30K+ in 1 Year!)
Today, we’re going to show you how to pay off credit card debt FAST. It isn’t glamorous, and it won’t be easy, but if you can do it, an entire world of wealth-building, opportunity, and financial freedom awaits. So, if you’ve gotthousands in credit card and consumer debt and are ... Show More
40m 58s
Jul 2019
When You'd Rather Go To The Dentist Than Deal With Debt With Michael Micheletti
There isn't much more that I dislike besides going to the dentist. However, in a recent study by Freedom Debt Relief, debt is still one of those taboo topics. Not only do we not want to talk about, but debt is also a silent killer of your dreams and goals and is the #1 cause of s ... Show More
37m 19s
Mar 2024
2654: Stupid Or Smart? (Getting A Loan To Pay Off Your Debt) by Philip Taylor of PT Money
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 2654: Philip Taylor of PTMoney.com delves into the complex decision of using loans to pay off debt, offering a critical exa ... Show More
8m 29s
Jan 2023
How to Blast Away Debt in Record Time
How do you blast away debt? I’ll give you a hint, it is not about paying the minimum payment on your debts. That just keeps you spinning the wheels. Our guest, Adam Carroll has something called The Shred Method that is going to revolutionize how you think about debt and how fast ... Show More
41m 15s
Jan 2018
I'm In Debt, Does My Partner Really Need To Know
Does this podcast episode resonate with you? I can't tell you how many times I'm asked this question and the answer is always more complicated than you might think - but, it always end up with a yes. There are lots of things to hide from your partner - your secret mac and cheese ... Show More
28m 10s