Mark's Money Mind

Slaying the Debt Dragon | Episode 013


Listen Later

In this episode Mark focuses on the important topic of paying off credit card debt, explaining the detrimental effects of carrying high-interest debt and explores strategies for debt repayment. 

He discusses the differences between the snowball and avalanche methods for tackling debt, and emphasizes the importance of paying off credit cards in full every month to avoid escalating interest. Mark also touches on various debt consolidation options and why they might not be the best choice.

If you would like your question answered on the show, please send an email to [email protected] and put “podcast question” in the subject line.

Timestamps:

  • 00:32 The Perils of Credit Card Debt: A Deep Dive
  • 04:12 Slaying the Debt Dragon: Strategies and Insights
  • 09:33 Exploring Debt Solutions: Snowball and Avalanche Methods
  • 16:31 Prioritizing Debts and Effective Payment Strategies
  • 26:59 Beyond Debt: Redirecting Finances Towards Saving and Investing
  • 28:34 Closing Thoughts and Upcoming Features
  • ...more
    View all episodesView all episodes
    Download on the App Store

    Mark's Money MindBy Mark Trautman

    • 5
    • 5
    • 5
    • 5
    • 5

    5

    73 ratings


    More shows like Mark's Money Mind

    View all
    Afford Anything by Paula Pant | Cumulus Podcast Network

    Afford Anything

    3,546 Listeners

    The Stacking Benjamins Show by StackingBenjamins.com | Cumulus Podcast Network

    The Stacking Benjamins Show

    1,987 Listeners

    Retirement Answer Man by Roger Whitney, CFP®, CIMA®, RMA, CPWA®

    Retirement Answer Man

    1,318 Listeners

    Retire Sooner with Wes Moss by Wes Moss

    Retire Sooner with Wes Moss

    447 Listeners

    Retirement Starts Today by Benjamin Brandt CFP®, RICP®

    Retirement Starts Today

    519 Listeners

    ChooseFI by ChooseFI

    ChooseFI

    5,136 Listeners

    Stay Wealthy Retirement Podcast by Taylor Schulte, CFP®

    Stay Wealthy Retirement Podcast

    667 Listeners

    BiggerPockets Money Podcast by BiggerPockets

    BiggerPockets Money Podcast

    3,089 Listeners

    Earn & Invest by Jordan Grumet (Doc G)

    Earn & Invest

    436 Listeners

    Risk Parity Radio by Frank Vasquez

    Risk Parity Radio

    268 Listeners

    Personal Finance for Long-Term Investors - The Best Interest by Jesse Cramer

    Personal Finance for Long-Term Investors - The Best Interest

    124 Listeners

    Two Sides of FI by Jason and Eric

    Two Sides of FI

    438 Listeners

    Mile High FI Podcast by Doug Cunnington & Carl Jensen

    Mile High FI Podcast

    202 Listeners

    Retirement Planning Education, with Andy Panko by Andy Panko

    Retirement Planning Education, with Andy Panko

    855 Listeners

    Catching Up to FI by Bill Yount & Jackie Cummings Koski

    Catching Up to FI

    347 Listeners