Debt – an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor.
In this episode of Untaming Masculinity, Dan and Brad dive into the concept of Financial Freedom. There are a million different types of advice surrounding debt elimination and investing, but regardless of whose advice speaks to you, the fact of the matter is that a man mired in debt is shackled by it.
The guys spend some time going over some of their experiences around debt, including near bankruptcy, and how simply making the effort to address that has changed their lives. That effort includes not only eliminating debt but making a conscious effort to save and invest. Once you have established financial freedom, opportunities open, and your life will change. If you are unsure of where to begin, start with tracking. Once you track your income and expenses, you can devise a plan to conquer your finances and change your life.
Here are some of the resources that the guys utilize and some references from the episode:
- You Need A Budget
- NerdWallet
- Dave Ramsey and Ramsey Solutions
- The Millionaire Next Door by Thomas J. Stanley and William D. Danko
- Rich Dad, Poor Dad by Robert Kiyosaki
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