Did you spend too during the holiday season? Studies showed that many of us WAY overspent this year, to the tune of over $1,200 more spending than we could truly afford. Add that to the huge amount of debt people are already carrying, and this year’s problem can easily become next year’s problem. To help you wash away your debt problems, today we’re talking to Nick Clements on the psychology behind debt management, and the many different ways you can get your year started on the right foot in our annual holiday debt cleanse episode.
Plus, if you’re looking to make some extra money on the side to pay down your holiday bills, we’ve got you covered. We’re calling our old friend Harry Campbell, founder of The Rideshare Guy blog and podcast. He’ll share lots of ways to help you quickly raise hundreds (and maybe thousands) of dollars. Later on we’ll throw out the Haven Life Line to Bryan, who took out a 401k loan to buy a rental property. Bryan has extra cash coming in and could pay off the loan pretty quickly. Should he do it? What would be the downsides of choosing to make minimum payments?
And don’t worry… we’ll still have time for Doug’s trivia.
Thanks to Skillshare for sponsoring the show. Start your two months of unlimited access to Skillshare by visiting SkillShare.com/SB.
Thanks to Slack for supporting Stacking Benjamins. Slack: Where work happens. Go to slack.com to learn more.
Show Notes:
<> Open
Skillshare
Get TWO months of unlimited access to over 25,000 classes for free by visiting SkillShare.com/SB.
Slack
Thanks to Slack for supporting Stacking Benjamins. Slack: Where work happens. Go to slack.com to learn more.
<5:50> Headlines
Check out more from Harry at TheRideShareGuy.com
Looking for Harry’s Book? Order The Rideshare Guide through our partnered bookseller, Powell’s. You’ll be helping out an independent bookseller AND the show!
Piece Two: FINRA proposes rule to protect investors from arbitration exploitation ( )
<22:06> Nick Clements
Check out the site for yourself: Magnify Money
Looking for the Magnify Money debt guide? Click here.
Follow Magnify Money on Twitter: @magnify_money
<44:58> Doug’s Trivia
- How much did early adopters spend to get their hands on the original iPhone?
<49:39> Haven Life Line
Need life insurance? You could be insured in 20 minutes or less and build your family’s safety net for the future. Use StackingBenjamins.com/HavenLife to calculate how much you need and apply.
- Bryan took our a 401 loan to buy a rental property. He has money coming in and could pay off the loan pretty quickly. Should he pay it off?
Need help with your financial plan? Use this link to schedule a meeting with OG: StackingBenjamins.com/OG
[…] Wash Away Your Debts from The Stacking Benjamins Show […]