Feb 10, 2023
Summary:
Consumer credit appears to be crashing, and the rate of increase on
credit card debt is slowing down, which means that there has never
been a more opportune time to pay off your credit cards than now.
Paul Oster, the CEO of Better Qualified, comes on the show to
unpack what’s happening with consumer credit, and why it is sinking
at this particular time. Paul describes all of the pressures of the
economy that are pushing the consumers under water; with providers
raising prices left and right, driving costs up, it’s getting
difficult to tread water. Ultimately, we must change our behavior
if we want a brighter, debt-less future. These changes can start
with small savings, such as eliminating various monthly
subscriptions. Paul says that consumers are often surprised to find
that they have more money than they think, and have merely been
spending it in the wrong places. Tune in for more
insight.
Useful Links:
Financial Survival Network
Better Qualified