587-Credit Card Debt Is a Very Safe Form of Debt
One of the most useful aspects of credit cards is how safe the debt is when compared to other forms of debt. Enjoy this excerpt from my brand new course called "How to Borrow Money Safely and Never Pay Interest Using Credit Cards."
The course is now available for you to buy. Go here: www.radicalpersonalfinance.com/creditcardcourse
Use the coupon code "CREDITCARDTEN" to save $10 off the price. (Valid until 10/15/18.)
Thank you!
Joshua
586-Friday Q&A (Credit Card Edition): Should I Close My Old Credit Cards Before Applying for a Mortgage, How Should I Refinance my Business Credit Card, How Can I Use My Credit Cards Privately, How Do I Pay Off My Credit Card Debt as a Newlywed
Today, we do a special (and really good) live Q&A exclusively on the topic of credit cards. We cover:
- Should I Close My Old Credit Cards Before Applying for a Mortgage?
- How Should I Refinance my Business Credit Card?
- How Can I Use My Credit Cards Privately?
- How Do I Pay Off My Credit Card Debt as a Newlywed?
524-Why You Shouldn't Use Your 401(k) Money To Pay off Credit Card Debt When You're Unemployed
Today we answer this question: "I have accumulated $6,000 in credit card debt from a period of unemployment; should I use some of the $10,000 I have in my 401(k) to pay it off?"
Enjoy,
Joshua
- Please support the show: www.RadicalPersonalFinance.com/patron
503-Tools and Principles to Help You Fight Nasty With Your Creditors and Win!
I really hate it when I see people bullied. And I especially hate to see debtors bullied by unethical debt collectors.
In today's show I share with you some tools, tactics, and techniques and knowledge to help you stand up for yourself in the face of an onslaught of bill collectors.
I hope these help you.
And, if you don't need this type of help, I hope these ideas help you to help someone else who does.
Joshua
- Try Hello Fresh! www.HelloFresh.comand use coupon code "RPF30" to save $30 on your first week of deliveries!
- Text of the Fair Debt Collection Practices Act
- Recommended book: "Solve Your Money Troubles: Strategies to Get Out of Debt and Stay that Way" from NOLO press
- Consumer Credit Counseling Services https://www.credit.org/cccs/
471-Friday Q&A: What's the Best Type of Retirement Plan for my Wife's Side Business, How Can I Help My Sister-in-Law Who is Asking me for Financial Advice, Should I Pay Off My Debt as Fast as Possible or Save Up and Pay it Off in Large Chunks?
On Fridays, I host a Q&A call. Patrons of the show are invited to call in and ask any question they want!
Today, we cover:
- (1:57) What's the best type of retirement plan for my wife's side business? (SEP IRA, SIMPLE IRA, Solo 401(k)?)
- (16:45) How can I help my sister-in-law who is asking me for financial advice?
- (30:20) Should I pay off my debt as fast as possible or save up and pay it off in large chunks of money?
Joshua
- Become a Patron of the show and gain access to future Q&A shows here: www.patreon.com/radicalpersonalfinance
467-Debt: Should we Measure it Based on Financial Risk or Lifestyle Risk?
I've long struggled to know how to advise people with regard to debt. On the one hand, the use of debt can dramatically increase the financial returns of an investment. On the other hand, debt can have a dramatic negative impact on the lifestyle of the borrower when everything goes wrong.
So, how do we reconcile these two things?
I've come to see that they're two entirely different scales. Because they are two totally different scales (think: how do kilograms and degrees Fahrenheit interact with one another), it's hard to simultaneously factor in both.
Enjoy the show,
Joshua
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