Female Finance Collective

Why Paying off Debt Matters | Ep 62


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Are you tired of the constant stress of debt? You're not alone. This episode is for YOU.

In this raw and honest conversation, Jen, Meri-Li, and Sybil discuss how debt impacts one's emotions, everyday decisions, and future wealth, and how paying it off frees up not only one’s wallet but also one’s peace of mind.


*Free Debt Calculator

Start your payoff plan today with our Snowball Debt Calculator workshop. Click here to register.

*Join the $5 Debt Payoff Power Circle

Get support, weekly calls, a group chat, and real accountability. Click here to learn more!

Do you have questions or ideas? Connect with us!

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Timestamps:

00:00 - Meet the Hosts

01:00 - Why Debt Feels So Overwhelming

02:30 - The Hidden Cost of Credit Cards

04:00 - Flip-Flops and 30% Interest?! A Real-World Example

06:00 - Why Minimum Payments Keep You Stuck

07:00 - How Debt Impacts Your Credit Score & Opportunities

08:30 - Opening Up Monthly Cash Flow

09:00 - The Emotional Benefits of Paying Off Debt

11:00 - How Debt Affects Relationships & Family

12:00 - Teaching Kids Financial Values

13:30 - The Power of Saying “No” with Confidence

16:00 - Practice Scripts to Say "I Can't Afford That"

18:00 - Living Your Values & Finding Freedom

*Disclaimer: The Female Finance Collective podcast is for educational purposes only as we share our personal experiences and opinions. To make the best financial decisions for you, research and contact a financial advisor with questions. Remember, all investments involve some form of risk; there is no guarantee that you will be successful in making, saving, or investing money, and there is always a risk of loss when investing.

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Female Finance CollectiveBy Sybil Hall, Jen Sullivan, and Meri-Li Forrest