The Rational Reminder Podcast | The Role of Debt in Financial Planning | Rational Reminder 243 @rationalreminder | Uploaded March 2023 | Updated October 2024, 19 hours ago.
Debt can play an essential role in financial planning in several ways, such as financing large purchases, building credit, managing cash flow, and leveraging investments. However, it's important to remember that taking on too much debt can also have negative consequences that could impact your financial future. Therefore, it's vital to carefully consider your options and ensure that any debt you take on is manageable and aligns with your overall financial goals. In this episode, we talk about the essential aspects of debt and the role of debt in financial planning, and we unpack the two major forms of debt. Learn about debt in financial planning, consumption smoothing, the mindset and psychology behind debt, the risk that comes with debt, how credit cards impact how people interact with their money, integrated financial planning, and important aspects of mortgages. We also review a past episode with guest Dan Solin and the book, The Five Most Important Questions, which provides readers with a tool for self-assessment and transformation concerning productivity in the workplace.
Timestamps:
0:00 Intro
3:46 Main Topic 1: Debt in Financial Planning
9:56 The Role of Debt
19:34 The Psychology of Debt
27:11 Credit Cards
40:16 Mortgages
55:49 Episode 17: 60 Seconds
57:33 Book Review: Peter Drucker's Five Most Important Questions
1:03:10 Dan Wheeler
1:07:11 Aftershow
Participate in our 23 in 23 Reading Challenge:
23 in 23 Reading Challenge — rationalreminder.ca/23in23
23 in 23 Reading Challenge on Beanstalk — pwlcapital.beanstack.org
Participate in our Community Discussion about this Episode:
community.rationalreminder.ca/t/episode-243-the-role-of-debt-in-financial-planning-discussion-thread/22433
Links From Today’s Episode:
Rational Reminder on iTunes — itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582.
Rational Reminder Website — rationalreminder.ca
Shop Merch — shop.rationalreminder.ca
Join the Community — community.rationalreminder.ca
Follow us on Twitter — twitter.com/RationalRemind
Follow us on Instagram — @rationalreminder
Benjamin on Twitter — twitter.com/benjaminwfelix
Cameron on Twitter — twitter.com/CameronPassmore
Extra references on the role of debt, credit cards & mortgages can be found at: rationalreminder.ca/podcast/243
Debt can play an essential role in financial planning in several ways, such as financing large purchases, building credit, managing cash flow, and leveraging investments. However, it's important to remember that taking on too much debt can also have negative consequences that could impact your financial future. Therefore, it's vital to carefully consider your options and ensure that any debt you take on is manageable and aligns with your overall financial goals. In this episode, we talk about the essential aspects of debt and the role of debt in financial planning, and we unpack the two major forms of debt. Learn about debt in financial planning, consumption smoothing, the mindset and psychology behind debt, the risk that comes with debt, how credit cards impact how people interact with their money, integrated financial planning, and important aspects of mortgages. We also review a past episode with guest Dan Solin and the book, The Five Most Important Questions, which provides readers with a tool for self-assessment and transformation concerning productivity in the workplace.
Timestamps:
0:00 Intro
3:46 Main Topic 1: Debt in Financial Planning
9:56 The Role of Debt
19:34 The Psychology of Debt
27:11 Credit Cards
40:16 Mortgages
55:49 Episode 17: 60 Seconds
57:33 Book Review: Peter Drucker's Five Most Important Questions
1:03:10 Dan Wheeler
1:07:11 Aftershow
Participate in our 23 in 23 Reading Challenge:
23 in 23 Reading Challenge — rationalreminder.ca/23in23
23 in 23 Reading Challenge on Beanstalk — pwlcapital.beanstack.org
Participate in our Community Discussion about this Episode:
community.rationalreminder.ca/t/episode-243-the-role-of-debt-in-financial-planning-discussion-thread/22433
Links From Today’s Episode:
Rational Reminder on iTunes — itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582.
Rational Reminder Website — rationalreminder.ca
Shop Merch — shop.rationalreminder.ca
Join the Community — community.rationalreminder.ca
Follow us on Twitter — twitter.com/RationalRemind
Follow us on Instagram — @rationalreminder
Benjamin on Twitter — twitter.com/benjaminwfelix
Cameron on Twitter — twitter.com/CameronPassmore
Extra references on the role of debt, credit cards & mortgages can be found at: rationalreminder.ca/podcast/243
