Everything Counts | Ep 3: Is there a secret to avoiding the debt trap?
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Everything Counts is a new bi-weekly podcast series that focuses on money and financial wellness. Hosted by 702's Motheo Khoaripe, each episode tackles various aspects of personal finance, including saving, spending, investing, pitfalls to avoid and tricks to succeed. The podcast aims to provide valuable information and expert guidance to help you improve your financial well-being.
In this episode leading financial consumer journalist, Maya Fisher-French and seasoned Investec financial advisor, Kgomotso Motloung are back and they dive deep into the world of debt management, offering invaluable insights and practical tips to help you pay off debt and start saving for a brighter financial future.
Don't miss out on this episode packed with real-life examples. Whether you're a young professional or a seasoned investor, this podcast will equip you with the knowledge and tools to manage your debt effectively and pave the way toward financial freedom. Tune in now and take the first step towards a brighter financial future!
Skip ahead
00:00 Introduction
01:03 What is debt?
02:37 Defining wants vs needs
04:39 The importance of an emergency fund
06:26 Getting yourself out of debt
08:39 How do you deal with extra money while you are in debt?
09:49 The importance of negotiating better interest rates
11:47 Personal loans
14:40 What you qualify for vs what you can afford
17:09 How credit scores work
20:38 The pros and cons of debt consolidation
23:30 Paying off debt vs saving
25:38 What is a survival budget and how does it work?
You may be interested in:
LifeStarter by Investec Life
The life you’re working towards is anything but ordinary, that’s why we’ve designed extraordinary life insurance solutions to help you protect it. But we understand that managing competing responsibilities and financial pressures can feel like a balancing act. So, we’ve developed a product to kickstart your life insurance journey with us. Introducing LifeStarter by Investec Life. A complimentary life insurance package, made for you.
In this episode leading financial consumer journalist, Maya Fisher-French and seasoned Investec financial advisor, Kgomotso Motloung are back and they dive deep into the world of debt management, offering invaluable insights and practical tips to help you pay off debt and start saving for a brighter financial future.
Don't miss out on this episode packed with real-life examples. Whether you're a young professional or a seasoned investor, this podcast will equip you with the knowledge and tools to manage your debt effectively and pave the way toward financial freedom. Tune in now and take the first step towards a brighter financial future!
Skip ahead
00:00 Introduction
01:03 What is debt?
02:37 Defining wants vs needs
04:39 The importance of an emergency fund
06:26 Getting yourself out of debt
08:39 How do you deal with extra money while you are in debt?
09:49 The importance of negotiating better interest rates
11:47 Personal loans
14:40 What you qualify for vs what you can afford
17:09 How credit scores work
20:38 The pros and cons of debt consolidation
23:30 Paying off debt vs saving
25:38 What is a survival budget and how does it work?
You may be interested in:
LifeStarter by Investec Life
The life you’re working towards is anything but ordinary, that’s why we’ve designed extraordinary life insurance solutions to help you protect it. But we understand that managing competing responsibilities and financial pressures can feel like a balancing act. So, we’ve developed a product to kickstart your life insurance journey with us. Introducing LifeStarter by Investec Life. A complimentary life insurance package, made for you.
