Why Debt Consolidation Is A Trap (And What To Do Instead)

📈 Are you on track with the Baby Steps? Get a free personalized plan.  Consolidation is great when organizing a drawer of tangled wires, but not so much with debt. In this episode, get the deets on debt consolidation, plus the key to avoid it completely.  Next Steps:  🎥 Watch my video Best Way to Pay Off Debt Fast (That Actually Works).  🎥 Watch my video How I Bought a House With No Credit Score.  💵 Start your free budget today. Download the EveryDollar app!  Connect With Our Sponsors:  🔒 Get 20% off when you join DeleteMe.  💸 Learn more about opening a high-yield savings account with Laurel Road.  📱 Get $5 off Tello's Unlimited Plan and enjoy great nationwide coverage for only $20 at Tello.  Explore More From Ramsey Network:  🎙️ The Ramsey Show    🍸 Smart Money Happy Hour  💸 The Ramsey Show Highlights  🧠 The Dr. John Delony Show  💡 The Rachel Cruze Show  🪑 Front Row Seat with Ken Coleman  📈 EntreLeadership    Ramsey Solutions Privacy Policy  Learn more about your ad choices. Visit megaphone.fm/adchoices

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George Kamel is a personal finance expert and co-host of The Ramsey Show and Smart Money Happy Hour. Following Ramsey’s proven money plan, George went from negative net worth to a millionaire in under 10 years. His goal is to help people spend less, save more, and avoid money traps so they can live a life with more margin, options and freedom.  This show will simplify complex money topics, bust money myths with actual facts, and debunk the stupid financial advice you're seeing in your social media feed. All with a healthy dose of pop culture, humor, and snark. Have a story for George? Send us a message to guest@georgekamel.com. Want George on your show? Connect with us at media@georgekamel.com