The Debt / Credit System
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YouTubePrinciples by Ray Dalio
The Debt / Credit System
The credit system functions like a circulatory system that delivers nutrients and buying power to various parts of the economy. A system is considered healthy when borrowed money is used to generate productivity, which in turn produces income. However, it becomes unhealthy when debts and debt service costs increase relative to income. This debt ...
10.8K views1 month ago
Debt Free Journey
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I asked her how much debt she has and got an answer I wasn't expecting. What is your opinion on shared vs separate finances within a marriage?
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I asked her how much debt she has and got an answer I wasn't expecting. What is your opinion on shared vs separate finances within a marriage?
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Minimum payment divided by balance. This tells you which debt frees up cash fastest. If I follow this instead of snowball, I’m out of debt 5 months faster. Because I’m attacking what’s actually draining my income. This is the same sheet I used to organize it” step 1 link in the bio. #personalfinance #creditcarddebt #moneytips #financialfreedom #debt
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