Think Generational Wealth
English
Welcome to the Think Generational Wealth podcast. Where I discuss current topics regarding generational wealth and personal finance. The goal of this podcast is to inspire you on beginning your journey of financial independence.
I grew up not being financially educated as mis padres (my parents) came to America in the early 1980's to escape the hardship in Haiti at the time. As many other millennials born to these parents, many of us were not educated pass beyond putting money in the bank in return would give you low return rates.
I made it my mission to study on how money works and actually implement what I have learned and hopefully inspire many others to begin their journey on financial freedom.
Spanish
Bienvenido al podcast Think Generational Wealth. Donde discuto temas de actualidad relacionados con la riqueza generacional y las finanzas personales. El objetivo de este episodio del podcast es inspirar a usted en el inicio de su viaje de independencia financiera.
Crecí sin educación financiera ya que mis padres vinieron a América a principios de 1980 para escapar de las dificultades en Haití en ese momento. Como muchos otros millennials nacidos de estos padres, muchos de nosotros no fuimos educados pasar más allá de poner dinero en el banco a cambio le daría bajas tasas de retorno.
Hice mi misión de estudiar sobre cómo funciona el dinero y en realidad poner en práctica lo que he aprendido y espero inspirar a muchos otros a comenzar su viaje en la libertad financiera.
Portuguese (Braizilan)
Bem-vindo ao podcast Think Generational Wealth. Nele, discuto tópicos atuais sobre riqueza geracional e finanças pessoais. O objetivo deste episódio do podcast é inspirá-lo a iniciar sua jornada de independência financeira.
Cresci sem educação financeira, pois meus pais vieram para os Estados Unidos no início da década de 1980 para escapar das dificuldades do Haiti na época. Assim como muitos outros millennials nascidos desses pais, muitos de nós não recebemos educação além do que colocar dinheiro no banco e, em troca, obter taxas de retorno baixas.
Tornei minha missão estudar como o dinheiro funciona e implementar de fato o que aprendi e, com sorte, inspirar muitas outras pessoas a iniciar sua jornada rumo à liberdade financeira.
Think Generational Wealth
Ep 103: Five Steps To Implement Today to avoid Credit Card Debt in 2023
Credit card debt can be a real issue if not managed properly, it is essential for individuals to take certain measures to prevent it from piling up in 2023. Here are five steps that can help prevent credit card debt:
1. Create a budget plan: The first step in preventing credit card debt is to create a budget plan. This will help individuals track their expenditures and account for their income. The budget should include essential expenses such as rent, groceries, and utilities, along with discretionary expenses such as entertainment and shopping.
2. Pay off debts: Individuals should prioritize paying off any existing debts before taking on new ones. They can start by making minimum payments on all credit cards and paying extra on cards with high-interest rates until they are paid off.
3. Use credit cards sparingly: Using a credit card can be tempting, but individuals should limit purchases to what they can afford to pay off at the end of the month. They should avoid using credit cards for everyday expenses and only use them for emergencies or for big-ticket items that they need to purchase.
4. Monitor credit score: Reviewing credit reports regularly is important in keeping credit balances low. If a report has an error or fraud, individuals should inform credit bureaus right away. Lower score means higher interest rates on credit card loans.
5. Increase Savings: Building an emergency fund to address unforeseen circumstances is important. Putting aside some money each month is a good habit to start for emergencies.
Ultimately, preventing credit card debt in 2023 requires discipline, careful planning and monitoring. By following these steps, individuals can ensure that they do not find themselves overwhelmed by their credit card balances.
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DISCLAIMER: I am not a financial adviser. This Podcast is for educational purposes only. Investing of any kind involves risk. While
it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own
research. I am just sharing my opinion.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.
This podcast is sponsored by Amirison Financial. Our goal is to help the culture build Wealth Assets Prosperity. We appreciate you taking the time to listen to this episode and share the content if you find value.
This podcast is sponsored by Starvelle Talent Group. Our goal is to help the culture build Wealth Assets Prosperity. We appreciate you taking the time to listen to this episode and share the content if you find value.