Debt Free In 30
543 – How to Avoid Debt Traps: Expert Tips for Canadians
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:30:48
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Sinopsis
Can you identify and escape the pitfalls of debt traps? Learn from the co-founders of Hoyes Michalos how marketing and psychology fuel debt cycles. Spot the warning signs of financial trouble—from payday loans to student debt—and understand the emotional toll that debt can take. Plus, gain practical, proven strategies to break free from the cycle and achieve financial stability. (0:00) – What is a debt trap, and how does it work? (3:30) – Inflation still stretching budgets (4:30) – The student loan dilemma (5:30) – Homeownership can be a debt trap (7:15) – Utilization Rate – borrowing more than you can handle (8:30) – Stress and the emotional toll of being trapped in debt (11:00) – How a debt traps are created– the power of marketing and psychology (21:20) – Warning signs you’re falling into a debt trap (24:30) – Practical solutions to escape the cycle of debt (27:45) – What’s really keeping you stuck in a debt trap ‘Debtasized’ Full Length Documentary – Free on YouTube HERE Payday Loan Debt Relie