Aug 30, 2024
From mounting credit card and auto loan debt to the less obvious pitfalls of inflation and misguided investment choices, Meagan McGuire and Sim Terwilliger unpack the five financial traps they see student loan borrowers falling into.
In today’s episode:
01:41 Credit card debt, average balances by generation, and the
best defense against growing balances
11:02 Car payments, average loan terms, and the pros and cons of
buying vs. leasing
23:14 Unchecked consumerism, the lure of rage-baiting, and the
dangers of chasing the status quo
33:32 Inflation and why investing is crucial to staying ahead
38:14 Student loans and the high price of not having the right
repayment plan in place
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