Ditch the Debt: Proven Debt Management Tactics (with Jen Swindler, CFP®)

#debtmanagement #moneyandmortgages #debtfree

In this episode, host Adam Coleman and Jen Swindler delve into effective debt management strategies. We highlight understanding debt types, prioritizing repayment, and considering interest rates. The conversation covers federal loan consequences, debt avalanche method, debt consolidation, psychology, 401k loans, bankruptcy, and seeking advice from Accredited Financial Counselors (AFC®) or fee-only financial planners.

00:00 Introduction to Debt Management Strategies

01:02 Understanding Different Types of Debt

02:23 Strategies for Prioritizing Debt Repayment

03:10 The Impact of Interest Rates on Debt Repayment

09:10 Debt Consolidation and Management Techniques

13:13 Navigating Debt Settlement and Bankruptcy

22:21 Retirement and Debt: Strategies and Considerations

25:53 First Steps Towards Debt Repayment and Finding Help

27:57 Closing Thoughts and Contact Information

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Disclaimer: The information provided is for general informational purposes only and should not be construed as financial, legal, or tax advice. Always consult with a qualified professional before making any financial, legal, or tax-related decisions.