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Tag: debt

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article

Average Debt Amount For a 20 Year Old (2023)

The 20s are your most powerful for compounding interest, but can be the most dangerous for the compounding interest of…

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episode

Average Debt By Age! (How Do You Compare Against Normal Americans?)

Debt is one of the biggest problems facing Americans. In this episode, we’ll break down exactly how much debt the…

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article

I Took Out a 401(k) Loan! What Should I Do?

Taking out a 401k loan might be considered low-interest debt, but it comes with significant opportunity costs and risks, making…

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article

The Dark Side Of Debt: What You Need To Know

If you aren’t scared of debt, you are doing it wrong. Take a look at the dark side of compounding…

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article

Student Loan Forgiveness Overturned: What Should You Do Now? #trending

Student loan forgiveness was recently overturned! In this highlight, we discuss how you should consider approaching this situation. For more…

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faq

How Much Student Loan Debt is Ok to Take On?

Treat debt and degree choice with caution. Rule of thumb: don’t take on more student loan debt than your estimated…

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faq

How do I Buy a House in a Smart Way? Do I Have to Put 20% Down?

Do I have to put 20% down on my first home? Putting 20% down on a home is ideal, but…

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faq

Do I Have to Pay Cash When Buying a Car?

Paying cash for a car is great, but if that’s not possible, follow The Money Guy’s 20/3/8 rule for car…

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faq

Should I Pay Off My Debt Before Saving for Retirement?

Not all debt is created equal. Whether or not you should prioritize paying down debt before investing for retirement largely…

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faq

Is It Ok to Use a Credit Card?

Credit cards can be a powerful tool if used correctly, but ONLY if you use them responsibly. Using credit cards…

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