In Episode #7 we talk about Debt and Debt Freedom. Did you know the origins of the word Freedom was “freedom from debt”? Just some of the magic we talk about. We go through the main different types of debt and how you would get them, like mortgage debt, student debt and consumer debt. We talk about how to avoid some debt all together and pitfalls some people fall into. We talk about strategies on paying off student/consumer debt quickly and share the steps we took to pay down our mortgage aggressively.
Show Quote: “Whenever you use someone else’s money there is a cost associated with it so it’s important to understand what the risks are.”
Podcast Length: 77 Minutes
Sarah’s Blog Post: How We Took 6 Years off Our Mortgage in 4 Steps
Scott’s Blog Post: How I Paid Off $11K in Debt
Sarah’s Blog Post: Emergency Fund: Waste of Time or Peace of Mind
Send us an e-mail at firstname.lastname@example.org with your stories of paying off your debt and we would love to feature your story on the blog.
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Sarah & Scott