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Episode 004: Reducing Debt
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Episode 004 Debt
In this show, Mike and Amy discuss the number 3 most popular New Years’ Resolution - paying down debt. Mike and Amy cover:
The US consumer debt problem (2:09)
Types of Debt (6:53)
“Good” vs “Bad” Debt (8:37)
Debt to income ratio and importance of having a debt management strategy (12:09)
Debt heading into retirement (14:31)
Approaches to paying down debt (16:40)
Balancing savings and debt pay off goals (21:24)
Then Amy summarizes the key concepts (24:07)
Links:
Operation Retirement Readiness: www.operationretirementreadiness.com
Schedule a consultation with Mike: https://nextmissionfinancialplanning.com/contact/
Schedule a consultation with Amy: https://www.instarfp.com/contact
Disclaimer: This podcast represents the views of the hosts and any guests. It is for informational purposes only and should not be considered tax, financial, or legal advice. All information is regarded to be from reliable sources. The hosts are not responsible for any losses, damages, or liabilities that may arise from the use of this podcast. This podcast is not intended to replace professional, individualized advice.
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