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Debunking Money Myths
Is there really such a thing as “good debt,” or is it all bad?
Debt is often marketed as normal, necessary, and even beneficial—but is that really true? In this episode, Ben Matthews exposes common money myths and the hidden debt traps that keep people stuck in financial struggles. Check out this episode if you want practical strategies to break free from debt and take control of your money.
Topics Ben explores in this episode:
(0:35) Debunking Money Myths
* Ben challenges the concept of “good debt,” arguing that all debt involves owing money, interest, and stress.
* Is debt really an unavoidable part of life?
(2:18) Recognizing Debt Traps
* Credit card minimum payments are a major debt trap that will keep you paying interest for extended periods.
* Pay later plans are the “junk food” of personal finance.
* Payday loans are “financial quicksand” due to high interest rates and fees.
* Title loans put you at risk of losing your vehicles.
(6:08) The Debt Sucks Plan
* Building an emergency fund is beneficial for avoiding resorting to debt when unexpected expenses arise.
* Building your “money confidence”.
(9:46) Bankruptcy
* Bankruptcy is a legitimate option for those of you facing overwhelming debt.
Learn more: https://debtsucks.info
Talk with Ben Matthews: 803-799-1700
Subscribe to the Debt Sucks Podcast!
Apple: https://apple.co/3Fz2vXE
Spotify: https://spoti.fi/4kvltyl
YouTube: https://www.youtube.com/@DebtSucksPod
Facebook: https://facebook.com/debtsuxspod
Instagram: https://instagram.com/debtsuckspod
TikTok: https://tiktok.com/@debtsuckspod
X: https://x.com/debtsuckspod
The Debt Sucks Podcast is your fun, no-BS approach to debt relief. Say goodbye to stress, shame, and debt. Hosted by consumer bankruptcy attorney Ben Matthews, this is your weekly dose of real, relatable advice on crushing debt. If you’re dealing with mounting bills or sick of living paycheck to paycheck, we’re here to help you take control of your finances and find your way out.
This episode was produced by Story On Media: https://www.storyon.co/
View all episodes
By Ben MatthewsIs there really such a thing as “good debt,” or is it all bad?
Debt is often marketed as normal, necessary, and even beneficial—but is that really true? In this episode, Ben Matthews exposes common money myths and the hidden debt traps that keep people stuck in financial struggles. Check out this episode if you want practical strategies to break free from debt and take control of your money.
Topics Ben explores in this episode:
(0:35) Debunking Money Myths
* Ben challenges the concept of “good debt,” arguing that all debt involves owing money, interest, and stress.
* Is debt really an unavoidable part of life?
(2:18) Recognizing Debt Traps
* Credit card minimum payments are a major debt trap that will keep you paying interest for extended periods.
* Pay later plans are the “junk food” of personal finance.
* Payday loans are “financial quicksand” due to high interest rates and fees.
* Title loans put you at risk of losing your vehicles.
(6:08) The Debt Sucks Plan
* Building an emergency fund is beneficial for avoiding resorting to debt when unexpected expenses arise.
* Building your “money confidence”.
(9:46) Bankruptcy
* Bankruptcy is a legitimate option for those of you facing overwhelming debt.
Learn more: https://debtsucks.info
Talk with Ben Matthews: 803-799-1700
Subscribe to the Debt Sucks Podcast!
Apple: https://apple.co/3Fz2vXE
Spotify: https://spoti.fi/4kvltyl
YouTube: https://www.youtube.com/@DebtSucksPod
Facebook: https://facebook.com/debtsuxspod
Instagram: https://instagram.com/debtsuckspod
TikTok: https://tiktok.com/@debtsuckspod
X: https://x.com/debtsuckspod
The Debt Sucks Podcast is your fun, no-BS approach to debt relief. Say goodbye to stress, shame, and debt. Hosted by consumer bankruptcy attorney Ben Matthews, this is your weekly dose of real, relatable advice on crushing debt. If you’re dealing with mounting bills or sick of living paycheck to paycheck, we’re here to help you take control of your finances and find your way out.
This episode was produced by Story On Media: https://www.storyon.co/