The Debt Free Dad Podcast

212. Why Debt Consolidation Doesn't Actually Work


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They say experience is the best teacher, and I've earned my degree in the tough lessons of debt consolidation. As your host, Ryan Nelson, I've been in the trenches of financial chaos, climbing out of a $160,000 debt hole. But the journey there was paved with good intentions and deceptive consolidation "solutions." In our latest Debt Free Dad podcast episode, I'm pulling back the curtain on the consolidation conundrum, sharing a personal saga that takes a hard look at the realities of this so-called debt solution.

This time, we're not just scratching the surface; we're exposing the hidden traps. I'll reveal why that initial rush of relief from a single, lower monthly payment is a mirage that often leads to an even deeper debt desert. And for those holding out hope, I pinpoint the one scenario when consolidation might just work. So, if you're grappling with the weight of your bills and thinking consolidation could be your lifeline, this episode might just be the reality check needed. Prepare for an unvarnished truth session that aims to transform your approach to debt and set you on a path to genuine financial freedom.

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YouTube - https://www.youtube.com/@bradnelson-debtfreedad2751/featured

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The Debt Free Dad PodcastBy Brad Nelson

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