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:
This episode is an introduction to the Mark’s Money Mind show hosted by Mark Trautman, CFP® from Crested Butte, Colorado. He shares his passion...
In this episode Mark shares his personal approach to fourth quarter income and tax planning. He explains the benefit of using a one-page financial...
In this episode, Mark delves into financial planning for early retirement, specifically focusing on strategies to access funds before turning 59 1/2 without incurring...