In this episode Mark focuses on the important topic of paying off credit card debt, explaining the detrimental effects of carrying high-interest debt and explores strategies for debt repayment.
He discusses the differences between the snowball and avalanche methods for tackling debt, and emphasizes the importance of paying off credit cards in full every month to avoid escalating interest. Mark also touches on various debt consolidation options and why they might not be the best choice.
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Timestamps:
In this episode Mark addresses questions from listeners in a special ‘Monthly Mailbag' show. He explores Ryan’s suggestion of renaming the middle phase of...
Mark hosts this week’s episode from Crested Butte, Colorado, discussing his recent travels, moving preparations, and the intricacies of tax planning. After a brief...
This episode takes place at the FI Freedom Retreat in Bali, Indonesia. Speakers Alan & Katie Donegan and Rachel Richards (Money Honey Rachel) share...