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 discusses a strategy for automating your finances. Using his personal experience, he explains how setting up systems for automatic deposits,...
In this engaging episode recorded live from CampFI Rocky Mountain Week 1, Mark alongside Doug Cunnington and Carl Jensen from the Mile High FI...
In this episode Mark explores the fundamental concept of compounding, using lessons taught in his financial literacy class, personal anecdotes, and insights from the...