Credit Card Debt

Shawnee: Is there a certain debt, like credit card debt, or maybe some other loans that are prudent and worthwhile to pay off? Shawnee: People don't understand opportunity costs. You finance everything you buy because you either pay interest to somebody else or you're giving up interest,. So when you pay cash for stuff, Dave says, we'll pay cash for everything in 2022, that's not the best advice as it doesn't take into account opportunity costs. Most people aren't intentional about paying attention to how they spend their money; wealth is lost by managing cash flow.

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