Welcome to “ Escaping Credit Card Debt,” a special edition of The Free Retiree Show. In Episode 178, we dive into the pressing issue of credit card debt, exploring the factors contributing to its rise in the US. Join us as we share valuable tips and tricks to avoid falling into the credit card debt trap and provide expert advice on breaking free from it. Whether you’re currently facing credit card debt or not, this episode is essential for anyone looking to achieve financial freedom and secure a prosperous retirement.
What You’ll Learn:
- Why credit card debt is on the rise. .
- The impact of post-pandemic life: soaring inflation, and fluctuating interest rates on the surging credit card debt balances.
- Learn effective strategies to tackle credit card debt, including the importance of open conversations with loved ones, creating a personalized budget, and implementing the snowball or avalanche debt repayment methods.
- Gain insights into negotiating with credit card companies for reduced interest rates or hardship programs to make your repayment journey smoother.
- Understand the potential savings by considering balance transfers to credit cards with lower interest rates, including the allure of 0% balance transfer cards.
- Explore the option of low-rate personal loans to expedite debt repayment and pave the way to financial independence.
- Gain insights into income-boosting opportunities like side jobs or freelance work, providing additional funds to accelerate debt repayment and achieve your financial goals.
Subscribe now on Spotify, Pandora, Apple Podcasts, Google Podcasts, and Elevate Radio.
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.