Your Everyday Rich

Ep 25 - What the f*** to do about DEBT right now


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Welcome to another episode of "Your Everyday Rich" podcast. 

In this episode, Jason and Jennifer chat about debt and strategies for dealing with it.

Having debt is pretty common even though we were taught to never take on debt, good or bad.  Regardless of what you borrowed the money for, debt can be really overwhelming especially when you’ve taken on too much AND the societal norms around debt are often viewed so negatively.  But fear not, because there are ways to deal with it and help you stay out of the bad debt that doesn’t help you.  They cover the 3 ways you can manage your debt in this episode.

Why do these conversations matter? They matter because these convos are happening behind closed doors and we want them to be front and centre so you can be empowered to achieve financial success.  You don’t know what you don’t know but we are here to change that and provide you with the info, insight, and tips you can use to make the best decisions around your money and investing so that it is built around Your Everyday Rich life. 🚀

In this episode we chop it up about:

  • The semantics of debt and how it needs to be viewed differently due to social norms
  • Three strategies for managing debt and how you can modify it to your own plan
  • The importance of being realistic about debt repayment plans and not sacrificing all enjoyment in pursuit of repaying debt. 
  • Debunking the notion that investing can always outperform paying off debt

  • Follow Jason and Jenn’s social media:

    Jason’s Instagram: ⁠https://www.instagram.com/mrjasonkao⁠

    Jenn’s Instagram:https://www.instagram.com/jennfahh27⁠

    Your Everyday Rich instagram ⁠https://www.instagram.com/youreverydayrich⁠

    Youtube: ⁠https://www.youtube.com/@youreverydayrich⁠


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    Listen on:

    Apple:⁠ ⁠⁠https://podcasts.apple.com/us/podcast/your-everyday-rich/id1676179014\⁠

    Spotify: ⁠https://open.spotify.com/show/1JHf9dfrh1xrQ8on5sPQIg⁠


    Disclaimer

    Your Everyday Rich Podcast is presented solely for general informational, educational, and entertainment purposes. Any such information or other material referenced in this podcast should not be construed as legal, tax, investment, financial, or other advice. It is not intended as a substitute for the advice of a qualified professional.

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    Your Everyday RichBy Jason and Jennifer Kao - YER Network