We all know that the United States is deeply in debt. The issue, though, is whether or not the financial situation that we are in as a country can be dug out of, and if so, how? Our country is no stranger to debt. Between the inordinate amount of debt taken out by companies to the wild amounts of consumer debt that individuals are burdened with, we know a thing or two about borrowing money. The problem is that large amounts of debt have never been the answer to fix financial issues, and as long as our government spends more than they bring in (fail to correctly budget), we will continue into this black hole of debt with few good options to get out. Today, we will discuss:
1. What the national debt is
2. How much national debt is outstanding
3. What we spend money on that leads to budget deficits
4. How we could get out of debt as a country
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Don’t forget to like, subscribe, and leave comments below as I would love your feedback. Be sure to check out my website (www.mnowithdylan.com) where you can get more information on my financial coaching services and more, the podcast of these shows if you are more of a listener than a watcher, and follow the show on any social media outlet (FB, Twitter, & Instagram) @mnowithdylan (Money’s No Object with Dylan Howell) [All links in description]. Tune in tomorrow as we end the week talking about the impacts of supply and demand on your financial life. Don’t forget to check-in every weekday (Monday-Friday) for new videos which will be uploaded each day at 6 a.m. CDT. Thank you, guys, for tuning into this episode of Money’s No Object. I’m Dylan Howell. God Bless!
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(Please keep in mind that I am not a financial advisor. I create these videos for educational purposes only. You and only you are responsible for the investment decisions that you make.)