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Mountains Of Debt, Influencers Are Fake & Circle Of Trust

The Higher Standard

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Navigating the Maze of Household Debt and Financial Risks

The chapter delves into the concerning issue of record-high household debt, explaining the various components such as mortgages, auto loans, and credit cards. It highlights the risks associated with relying on debt to combat financial challenges and discusses the impact of increasing interest rates, emphasizing the strain on consumers. The conversation also touches on managing debt, advice from financial gurus, and the importance of addressing spending habits before considering solutions like balance transfers.

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