The Swan Effect - Creating and Sustaining Your Financial Wellbeing

The Double-Edged Sword of Debt

October 01, 2021 Arthi Rabikrisson and Lucille Sikosana Season 1 Episode 9
The Swan Effect - Creating and Sustaining Your Financial Wellbeing
The Double-Edged Sword of Debt
Show Notes Chapter Markers

Debt can play many roles in our lives, from the opportunity cost to income producing to just an expense that needs to be attended to. This is where the  double edged sword of debt emerges.
Listen in to this latest episode for the discussion between Lucille Sikosana and Arthi Rabikrisson, where they tackle some of the trickier questions about debt; it's usefulness and drawbacks; how to practically break out of the cycle of indebtedness and debt traps, and smarter uses of debt.

Tune in to find out:

  • How debt can be favourable and how to practically use debt wisely
  • The different kind of debts we have have, some known and others surprising
  • The ways debt can hinder us
  • About consolidating debt, debt relief and avoiding debt traps
  • Mindfulness around credit scores and reports for future endeavours
  • How to practically manage personal debt month to month
  • About the right plan of action for you that helps you clear debt
  • Committing financial infidelity and the additional stress this causes over time

We would love to hear your views based on the concepts covered in this episode. Please feel free to rate, write a review, and share with others.

#TheSwanEffect #FinancialCoaching #Debt #FinancialWellbeing #WomenInFinance #Saving#Investing #Financialwellness

About Arthi Rabikrisson and Lucille Sikosana
The Double Edged Sword of Debt
How debt can be seen as favourable
Good debt and bad debt
The different types of debt
Practical and favourable ways to use debt
The many ways that debt hinder us from achieving financial freedom
The difference between debt consolidation and debt relief
Will my debt ever get so old that I won't have to pay for it?
The length of time that debt remains on ones credit report
Dealing with debt from a deceased family member
Practical ways to manage debt and monthly expenses
Should one pay off the bigger or smaller debts first
The debt trap and ways to avoid it
Paying with cash vs using debt
Dealing with financial infidelity in relationships
Lucille parting shot: don't be a slave to debt!
Arthi parting shot: begin a journey of destroying the debt!
Look out for the next episode on Black Friday and spending. Ciao for now...