Talking Financial Literacy with Dealing with Debt Founders Desmond Stinnie and Addison Wiggin

In this episode of Trending in Education, host Mike Palmer interviews Desmond Stinnie and Addison Wiggin, the co-founders of Dealing with Debt, a platform focused on financial literacy and community support. Desmond shares his lifelong passion for financial education, tracing back to his childhood curiosity about money. Addison brings his 30 years of experience in financial publishing and macroeconomic analysis, highlighting the evolution of consumer culture and debt. Together, they discuss the importance of understanding one's relationship with debt, the distinction between good and bad debt, and the need for accessible financial education.  

The conversation also explores the role of community and advocacy in empowering individuals to navigate their financial challenges.  

Key Takeaways:

• Financial Literacy is Essential: Understanding how money works and developing a healthy relationship with debt is crucial for financial well-being.

• Not All Debt Is Created Equal: Learning to distinguish between good and bad debt can empower individuals to use debt as a tool for wealth building.

• Community and Advocacy: Building a supportive community and advocating for consumer rights can help individuals overcome financial challenges and reduce feelings of isolation.

• Embrace Technology: Leveraging technology like AI can enhance financial education and provide more efficient access to valuable information.  

Why You Should Listen:

This episode offers valuable insights into the importance of financial literacy, the complexities of debt, and the power of community support. Whether you're facing financial challenges or seeking to improve your financial knowledge, this conversation provides practical advice and a fresh perspective on achieving financial wellness.

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00:00 Introduction and Guest Welcome

00:31 Founders' Background Stories

02:35 Addison's Financial Publishing Journey

05:35 The Birth of Dealing with Debt

08:15 Building a Financial Literacy Community

12:08 Features of the Dealing with Debt Platform

25:08 Future Directions and AI Integration

29:43 Final Thoughts and Call to Action