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Innhold levert av Peter Brouillard, Gary Donia, & Sarah Newell, Peter Brouillard, Gary Donia, and Sarah Newell. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Peter Brouillard, Gary Donia, & Sarah Newell, Peter Brouillard, Gary Donia, and Sarah Newell eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.
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046 | Financial Independence Series | Part 2 | Attack Debt & Build A Safety Net

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Manage episode 301082849 series 2892602
Innhold levert av Peter Brouillard, Gary Donia, & Sarah Newell, Peter Brouillard, Gary Donia, and Sarah Newell. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Peter Brouillard, Gary Donia, & Sarah Newell, Peter Brouillard, Gary Donia, and Sarah Newell eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

Show Summary:

In today’s show, we take the next steps towards financial independence. We teach you how to attack your debt and build a safety net.

Leave A Voice Memo, Review The Show, & Follow Us Here
Intro:

We have a very quick intro and then we get right into our discussion on debt and emergency funds.

Main Discussion:

Gary leads the discussion for Part 2 of our Financial Independence Series: Attack Debt & Build A Safety Net. The main takeaways and talking points are as follows:

  • Listen to Episode 022 to learn how to build a gap between what you make and what you spend.
  • Use the “gap” to pay off your debt before you start investing your money.
  • The exception is if your employer offers a match. Take the match, it is free money!
  • Determine the type of debt you have.
  • It’s not “good” vs. “bad”.
  • Think of it as “high-interest” or “low-interest”.
  • Types of debt payback: snowball, avalanche, combination, other.
  • What to do with mortgage debt?
  • How to build a safety net/emergency fund.
  • How much should the emergency fund be?
  • What are the options for where to hold your emergency fund? Cash, Credit Card, HELOC, Cash-Out Refi, Roth IRA
  • The role inflation plays on cash in our emergency fund.

Fan Feedback:

None

Key Topics:

  • Debt
  • Emergency Fund
  • High-Interest Debt
  • Low-Interest Debt
  • Debt Snowball
  • Debt Avalanche
  • Mortgage Debt
  • HELOC
  • Roth IRA

Resources Mentioned In This Episode:

The Fat & Broke Book List

Next Show:

Win or Fail Mastermind Group | Session 2

Follow Us:

  continue reading

185 episoder

Artwork
iconDel
 
Manage episode 301082849 series 2892602
Innhold levert av Peter Brouillard, Gary Donia, & Sarah Newell, Peter Brouillard, Gary Donia, and Sarah Newell. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Peter Brouillard, Gary Donia, & Sarah Newell, Peter Brouillard, Gary Donia, and Sarah Newell eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

Show Summary:

In today’s show, we take the next steps towards financial independence. We teach you how to attack your debt and build a safety net.

Leave A Voice Memo, Review The Show, & Follow Us Here
Intro:

We have a very quick intro and then we get right into our discussion on debt and emergency funds.

Main Discussion:

Gary leads the discussion for Part 2 of our Financial Independence Series: Attack Debt & Build A Safety Net. The main takeaways and talking points are as follows:

  • Listen to Episode 022 to learn how to build a gap between what you make and what you spend.
  • Use the “gap” to pay off your debt before you start investing your money.
  • The exception is if your employer offers a match. Take the match, it is free money!
  • Determine the type of debt you have.
  • It’s not “good” vs. “bad”.
  • Think of it as “high-interest” or “low-interest”.
  • Types of debt payback: snowball, avalanche, combination, other.
  • What to do with mortgage debt?
  • How to build a safety net/emergency fund.
  • How much should the emergency fund be?
  • What are the options for where to hold your emergency fund? Cash, Credit Card, HELOC, Cash-Out Refi, Roth IRA
  • The role inflation plays on cash in our emergency fund.

Fan Feedback:

None

Key Topics:

  • Debt
  • Emergency Fund
  • High-Interest Debt
  • Low-Interest Debt
  • Debt Snowball
  • Debt Avalanche
  • Mortgage Debt
  • HELOC
  • Roth IRA

Resources Mentioned In This Episode:

The Fat & Broke Book List

Next Show:

Win or Fail Mastermind Group | Session 2

Follow Us:

  continue reading

185 episoder

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