In this episode of Mindful Money, we talk about the critical step of eliminating high-interest debt, a common financial burden that hinders progress toward financial freedom. We’ll discuss the importance of identifying high-interest debt, the impact it has on your finances and health, and strategies for tackling it effectively through debt snowball and debt avalanche methods. We’ll also discuss the balance between debt repayment and investing, and the benefits of handling debts wisely to achieve a happier, financially stable life.
In this episode:
- (00:00) – Intro
- (00:58) – Understanding and tackling high-interest debt
- (02:03) – Strategies for debt elimination
- (07:30) – Balancing debt repayment and investing
- (09:26) – Low-interest debt and financial strategy
Get full show notes and links at https://mindful.money.
Watch the episode on YouTube: https://www.youtube.com/@MindfulMoney.
