How to Pay Off Debt in the Most Effective Way

In this episode, I break down the difference between good debt and bad debt—such as what types of debt can actually work in your favor (like business loans and student loans for lucrative careers), versus credit card debt and loans for things you can't afford. Some highlights:

• Credit Cards: My personal approach to using credit cards responsibly, including how I leverage rewards while avoiding high-interest debt

• Debt Repayment Strategies: Exploring effective methods for paying off debt, including the Snowball and Avalanche methods, and how to choose the right one for your situation
• Emergency Funds: Discover why having a small emergency fund can be a game-changer in your journey to becoming debt-free
• 0% Financing: The pros and cons of 0% interest loans and how they can either be a helpful tool or a slippery slope, depending on your financial habits

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✅ Financial planning for 30-50 year old entrepreneurs: ⁠https://www.allstreetwealth.com⁠

✅ My personal blog & newsletter: ⁠www.thomaskopelman.com⁠

Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.