The average American owes over $31,000 in debt, without including a mortgage. Sometimes debt is leveraged to build wealth for the consumer. However, oftentimes we go into debt because there was an emotional appeal to buy something outside of our means that carries interest and builds wealth for the company that extended out the line of credit such as a credit card or personal loan. In this episode Founder of My Wealth Journey, Jarrai "Jay" Stephens shares the distinct differences of credit management vs debt management. Jay also shares her own personal debt management story vice how she now leverages credit to build wealth.

Topics:

1:44 Jay's Debt Journey Paying Off $50k in 8 Months

8:00 Credit Myths

11:28 Strategies to getting out & staying out of debt

13:55 Methodology to getting out of debt

16:57 How to Leverage Credit

24:51 Emergency Credit

26:46 Jay's Financial Coaching & 15% off merchandise (promocode: wealthsaver)

30:20 Jay's meaning of WealthSaver™

Helpful Links:

🔗Connect with Jay at https://www.mywealthjourneyllc.com

💻Email Jay: [email protected]

🤝Work with Jay 1-on-1 https://www.mywealthjourneyllc.com/services 

🛍Shop Jay's Collection with 15% off: https://www.mywealthjourneyllc.com/merchandise | Promocode: wealthsaver

📲Follow Jay on Instagram: https://www.instagram.com/MyWealthJourneyLLC

🎤Join the WealthSaver Podcast on Instagram www.instagram.com/wealthsaverpodcast

💡Share your show ideas or ask us a questions you would like WealthSaver Podcast to answer? Email us [email protected]