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Smart Start Money provides information on making smart money decisions. Providing tips, personal experiences, and opinions on saving smart and spending smart. Times have changed since getting a job and keeping the same place of employment for a lifetime. The average time spent with one employer is now three to five years. Companies are replacing workers with lean staff that previously held more people to accomplish the same tasks. This has resulted in periods of unemployment for many people making it challenging to save for retirement and stay debt-free. The rising costs of healthcare, consumer goods, and wages that often do not seem to keep pace with the cost of daily life make it more important than ever to make smart financial decisions. Millions of people struggle each day to get ahead. The intention of Smart Start Money is to not only provide insight into saving or spending but also open conversations. Discussions relating to the economy, employment, and even the occasional forbidden topic of politics are possible. If the subject matter has a correlation to helping people with their finances or questioning the so-called experts, it is open for dialogue. It has never been more important than ever to save and stay out of debt. No one has all the answers when it comes to personal finance. People come from all different backgrounds in life. The choices we make and the opportunities available are never identical. We can all learn from each other.
Episodes
Monday May 25, 2020
Do You Consider Debt to Be Normal or Negative?
Monday May 25, 2020
Monday May 25, 2020
Should having debt be normal?
The kind of debt defines it as being positive or negative. For investing it can be positive to have debt. If you can take a loan and have an investment appreciate faster than the money borrowed, this can be good debt.
Negative debt, unfortunately, is the kind of debt most people have. This comes in the form of something like an auto loan. Vehicles are a depreciating debt and can be negative. Credit cards with high-interest rates can also be a negative debt.
This podcast episode talks about debt and if it is just a normal part of life for people.
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