3059: Dear Dad Why Did You Let Debt Kill You by Jeff Rose of Good Financial Cents on Money Anxiety
By recognizing warning signs like constant financial anxiety, relying on credit to pay off credit, and frequently borrowing money, we can step in to help loved ones break the cycle
Optimal Finance Daily - Financial Independence and Money Advice · Optimal Living Daily | Diania Merriam
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Show Notes
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Episode 3059:
Jeff Rose reflects on his father's financial struggles, revealing how stress from debt contributed to his declining well-being and ultimate passing. By recognizing warning signs like constant financial anxiety, relying on credit to pay off credit, and frequently borrowing money, we can step in to help loved ones break the cycle before it's too late.
Read along with the original article(s) here: https://www.goodfinancialcents.com/dear-dad-why-did-you-let-debt-kill-you/
Quotes to ponder:
"It wasn’t his heart alone that killed him, it was his debt."
"If someone is using one credit card to pay the minimum payment on another, or taking out a cash advance on a card to make a payment, there are multiple problems."
"Don’t wait or sit back silently, hoping something will change. Become an agent of change. When you see the warning signs, speak up."
Episode references:
You Need a Budget App: https://www.youneedabudget.com
Soldier of Finance: https://www.amazon.com/Soldier-Finance-Charge-Invest-Future/dp/0814433286
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