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Money Magnifies What’s Already Broken In Your Relationships

The Ramsey Show

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Understanding the Dangers of Debt

This chapter explores the harmful effects of various types of debt, emphasizing that all debt is detrimental, especially predatory loans like payday loans. The discussion highlights behavioral issues behind debt accumulation and examines the risks associated with leveraging home equity. Listeners are cautioned about the emotional and financial ramifications of different debts, including student loans and car payments, while underscoring the need for better financial habits.

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