Student Loans vs Credit Cards: Which Debt Should You Tackle First? | Business Casual Ep 11

Описание: Credit card debt is one of the fastest ways to lose control of your cash flow, and most people do not realize how expensive it is until they are already stuck.

In this episode, we break down how people end up in credit card debt, why “minimum payments” keep you trapped, and how interest rates (sometimes 20% to 30%) can quietly erase your ability to save. We also compare credit card debt vs student loans, talk through a realistic payoff strategy, and explain why building liquidity (cash you control) is the missing piece in most financial plans.

Watch more conversations on money, habits, and real life planning in our full playlist.

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Produced & Edited by Troy Davis

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Chapters:
00:00 - Credit Cards & How We Use Them
01:16 – Parents’ Rules & First Credit Card
05:48 – What Interest Really Is (And Why It’s Confusing)
07:24 – Mortgages & Who Really Owns Your Home
11:02 – Minimum Payments & The Debt Hamster Wheel
20:45 – Scholarships & Setting Kids Up Financially
23:42 – Student Loans: The Overwhelming Fine Print
27:33 – Holiday Spending & Big-Ticket Purchases
32:04 – Debt Payoff Strategy: Cards vs. Student Loans
34:45 – Rebuilding Your Credit Score After Debt
37:29 – New Year, New Budget: Planning Ahead

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