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Episode 3201:
Jackie Beck reveals how making only minimum debt payments can silently trap you in a cycle of stress, limited freedom, and financial dependency. By recognizing your “Freedom Number” and intentionally paying down debt, you can reclaim your time, energy, and ultimately, your life.
Read along with the original article(s) here: https://www.jackiebeck.com/the-minimum-payment-trap/
Quotes to ponder:
"You owe, you owe, so off to work you go."
"When the money you’ve got coming in is already promised to someone else, you feel like you have no choice but to keep working to pay for the things you have."
"It takes time to get out of debt, but it’s completely possible."
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Optimal Finance Daily - Financial Independence and Money Advice