Why is it Taking So Long (Debt reduction)
Why is it taking so long to lose weight? Why is it taking so long to get rid of my debt? Both take a long time, because it took long to build it up.
Why is it taking so long to lose weight? Why is it taking so long to get rid of my debt? Both take a long time, because it took long to build it up.
Don’t sweat the small stuff with debt is possibly the most irresponsible thing any financial professional could tell a client, yet it continues to happen.
That is a question that seems to come up a lot so I figure I’d help folks out with some scenarios and when it might be a good time to start thinking about when to… Read More »When Should you Try to Pay Down Debt?
Many folks misinterpret what is meant by having no debt, so let’s define debt-free and use that as a cornerstone for our discussions.
The Big Cajun Man asserts there is no such thing as “Good Debt” and criticizes experts who claim otherwise. They insist all debt is detrimental, comparing the concept of ‘Good Debt’ to the illogical idea of ‘Good Car Accidents’. Regardless of the purpose or economic benefits often presented in defense of debt, BCM emphasizes it always negatively impacts the individual, equating it to stealing from one’s future self. BCM encourages a mindset of despising and quickly eliminating debt.