2873: Simple Answers to 7 Common Debt Questions by Chelsea of Smart Money Mamas on Saving Money

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2873: Chelsea from SmartMoneyMamas.com dispels common myths and provides clear answers to seven frequently asked questions about managing debt. She emphasizes the importance of understanding credit scores, balancing debt repayment with investments, and using credit cards responsibly. This practical guide helps you navigate financial decisions with confidence and clarity. Read along with the original article(s) here: https://smartmoneymamas.com/simple-answers-to-7-common-debt-questions/ Quotes to ponder: "A high credit score does not necessarily mean that you are financially secure, nor does a low credit score mean that you are in financial trouble." "You never want to pay high interest rates to keep the option for low-interest rate debt. Plus, you don’t actually need to!" "My rule of thumb is to first secure a decent emergency fund, then pay down high-interest (+9%) or variable rate debt, and then make sure you are putting away at least 10% for retirement." Episode references: Soldier’s Angels: https://soldiersangels.org VantageScore Solutions: https://vantagescore.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Om Podcasten

Optimal Finance Daily, hosted by Diania Merriam, the innovative mind behind the personal finance conference EconoMe, takes you on an enlightening journey through the world of personal finance. Each episode brings to life the most compelling and practical advice from leading financial bloggers and experts. Diania’s engaging narration and insightful commentary transform complex financial concepts into relatable, actionable insights. Whether it’s budgeting, investing, debt management, or money mindfulness, she covers it all, making financial wisdom accessible to everyone. Gain not just knowledge, but also the motivation to apply it in your daily life. It's not just a source of personal finance tips; it’s a daily companion that guides you towards financial independence and savvy money management, all delivered with Diania's trademark enthusiasm and expertise. By focusing on early retirement, financial independence, and saving money, each episode provides you with the tools needed to achieve your financial goals. This podcast is designed for those passionate about personal finance, early retirement, financial independence, and saving money. It’s your go-to source for practical advice on managing your finances, saving money, and working towards early retirement. Each episode offers actionable steps to foster financial independence and secure your financial future. Listen now, and become an OLD friend--your optimal life awaits...