033 | Minimum Payments Changed Their Life

Save Like Dave Podcast

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2y ago 13:42

MP3•Episod hem

I know a couple who both have a great job in sales and have an awesome salary, are married, have 2 kids, and have a house with a picket fence.

Many people would say that they have got it all figured out. Their family is a success, they are living the ‘American Dream’.

Well on the outside they were, but on the inside, they were drowning in debt.

In this episode, learn how minimum payments changed this family's life forever.

Dave shares how one couple got into a complete mess because of their credit card misuse and he will share a very simple solution for you if you are struggling in this area and want to really win with money!

Don't worry, the story does have a happy ending, so make sure you stick around for the entire episode.

Questions for Review:

Are you only paying the minimum payment on credit cards or other forms of debt [thus paying more in interest]?
Are you or someone you love spending more money than you are making from month to month (borrowing the difference)?
Think today if there is a mental shift you need to make to stop paying credit card interest. Does that mean perhaps you only pay with cash going forward?

Verse from the Episode: "The Rich Rule Over the Poor and the Borrower is Slave to the Lender." -Proverbs 22:4

77 episoder

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