Can You Finally Trust Annuities? Is Crypto For You? What's The Future of Money? (with Ric Edelman)
The Stacking Benjamins Show
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How to Pay Down Your Debt
The debt service is still at historic lows in terms of the percentage of your debt payments that are part of your income. But by the same token, if you don't pay attention to that, that snowball is pretty quickly from a few hundred dollars a month of a payment to all of a sudden it's a thousand dollars a month or more. And what people are finding now is that that really cherry payment that you had for the pool loan or the really cherry payment you had for whatever fun thing you wanted to buy is adjusting. When the interest rate adjust, the payment adjusts. Now it's two, three times expensive on a cash flow basis.
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