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Rich Habits Podcast
Q&A: Settlements, $1,400 Car Payments, and $35K of Credit Card Debt
Mar 28, 2024
Topics discussed include settling cash, $1,400 car payments, and managing $35K in credit card debt. They also touch on trading options with a lifetime rebate, maximizing investments, and prioritizing debt repayment. Additionally, the podcast covers navigating investments, podcast recommendations, and strategies for long-term wealth accumulation.
47:19
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Quick takeaways
- Eliminate $35,000 credit card debt first with $8,000 monthly cash flow.
- Invest $8,000 monthly post-debt in S&P 500 for long-term growth.
Deep dives
Focus on Clearing High-Interest Credit Card Debt
Use the $8,000 monthly free cash flow to wipe out the $35,000 high-interest credit card debt within 4-5 months. Eliminating this debt should be the top priority before considering further investments.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode