We talk a lot about debt on this show and the reason is because so often people get themselves in trouble. Not with sophisticated investment strategies and things like that but with basic, foundational stuff when it comes to financial planning.  Why this is such an important topic is ultimately because it's about being able to have a quality of life that we want as soon as possible. Be mindful of these three debt traps.

Debt trap number one is the trap of consolidation debt.
Debt trap number two is the trap of focusing on the payment.
Debt trap number three is the trap of focusing on the interest rate.

Wouldn't it be great to have NO, or very little debt? Is that even possible these days? The short answer is YES! In this episode Josh walks you through not just the how, but also the why, to avoid these 3 debt traps.

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Podcast Editing: Tim Leaman/[email protected]