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Ask an Advisor: Practical ways to establish your financial wellbeing

Equity Mates Investing Podcast

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Tips to Help You Get Out of Consumer Debt

Ben: Who's paying 30% or less of their gross take home pay on housing? It feels like most people are going to be over that at this time. So in terms of those debts, what are what are tips to help me get out of them? Ben: I always advise my clients to build a cash reserve first before paying down their consumer debt. But you can understand how you just want to get rid of that debt because you're not likely to have an emergency fund or buffer in the psychology of wanting to pay it off first.

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