Episode 6: Managing Business Debt: Tips for Financial Health
On this episode of the Kendra Nicole podcast, Kendra delves into the intricate topic of debt, offering insights and thoughts. Remember, there's no one-size-fits-all approach to debt; individual circumstances matter. Kendra stresses the importance of having a plan before acquiring debt, emphasizing the need for a purposeful strategy.
Here are some key points talked on the episode:
● Debt Nuances: Kendra explores the complexity of debt, emphasizing the need for personalized financial approaches.
● Strategic Planning: A solid plan before taking on debt is crucial for effective financial management.
● Startup Caution: Kendra discourages relying solely on borrowed funds for business startups, urging personal investment.
● Real-Life Examples: Scenarios illustrate challenges when debt funds ventures like Uber side hustles or e-commerce businesses.
● Borrowing Cycle Warning: Kendra cautions against a perpetual cycle of borrowing to cover costs, stressing prudent financial decisions
Learn more about Kendra:
Kendra James-Anderson, founder of The Finance Femme, had a decade of experience working in Corporate America when she recognized a large gap in the financial management industry.
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