Gene Chatsky
Debt coach and financial advisor featured on the episode to present the spending-plan 'magic formula' and to guide families through budgeting and prioritizing debt.
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Sep 3, 2024 • 35min
The Debt Diet Part 5
Gene Chatsky, a debt coach and financial advisor, shares insights on budgeting and debt prioritization. He introduces a 'magic formula' for spending, recommending 35% for housing and 10% for savings. The discussion includes practical tips on lowering credit card rates and the importance of focusing on essential debts. Listeners share inspiring success stories of cutting expenses and increasing income, while emphasizing the transformative power of planning and discipline in achieving financial freedom.
