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SAVING VS. PAYING OFF DEBT: The Best Way To Use Your Money - MNO EPISODE 75
There is a lot of contention about saving your money or paying off debt. Many people have debt in their lives with large piles of money laying around. I am going to address how this should actually work out for you to maximize your financial life, and I will explain why the Financial Action Plan can be helpful in pushing us in the right direction and with the right thought process when it comes to how we can use our money efficiently. I want to help you determine that certain ways of using your money are more rational than others and can help you reach your long-term goals faster. We will discuss:
1. A Financial Action Plan recap
2. Saving is security
3. How debt holds us back
4. How savings with debt has a net-zero net worth impact
5. How your residual income changes when you pay debt off
Begin your path to financial freedom today: https://www.youtube.com/channel/UCjyCApAbHBN0Jtw5bAehbRg?sub_confirmation=1
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 Monday as we talk about the questions to ask a financial advisor before ever doing business with them. 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!
Website: https://www.mnowithdylan.com/
Financial Coaching Information: https://www.mnowithdylan.com/workwithdylan/
Facebook: https://www.facebook.com/mnowithdylan/
Instagram Page: https://www.instagram.com/mnowithdylan/
Twitter: https://twitter.com/mnowithdylan
(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.)
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By mnowithdylanThere is a lot of contention about saving your money or paying off debt. Many people have debt in their lives with large piles of money laying around. I am going to address how this should actually work out for you to maximize your financial life, and I will explain why the Financial Action Plan can be helpful in pushing us in the right direction and with the right thought process when it comes to how we can use our money efficiently. I want to help you determine that certain ways of using your money are more rational than others and can help you reach your long-term goals faster. We will discuss:
1. A Financial Action Plan recap
2. Saving is security
3. How debt holds us back
4. How savings with debt has a net-zero net worth impact
5. How your residual income changes when you pay debt off
Begin your path to financial freedom today: https://www.youtube.com/channel/UCjyCApAbHBN0Jtw5bAehbRg?sub_confirmation=1
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 Monday as we talk about the questions to ask a financial advisor before ever doing business with them. 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!
Website: https://www.mnowithdylan.com/
Financial Coaching Information: https://www.mnowithdylan.com/workwithdylan/
Facebook: https://www.facebook.com/mnowithdylan/
Instagram Page: https://www.instagram.com/mnowithdylan/
Twitter: https://twitter.com/mnowithdylan
(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.)