Ken Coleman
๐ค SpeakerAppearances Over Time
Podcast Appearances
Again, very quickly. And what the difference is, is now you're on the other side of the debt. And I think it's a nerve wracking thing, Jade, when we hear from people that say, I've got all this money in savings and do I empty it? Yeah. And again, that's the wrong mindset. It's not that I'm emptying my savings. It's that I'm paying off a car that I've been in massive debt for.
Again, very quickly. And what the difference is, is now you're on the other side of the debt. And I think it's a nerve wracking thing, Jade, when we hear from people that say, I've got all this money in savings and do I empty it? Yeah. And again, that's the wrong mindset. It's not that I'm emptying my savings. It's that I'm paying off a car that I've been in massive debt for.
And now all of a sudden you can build up and you'd be surprised how you can make your way through what we call the emergencies of life. You can maneuver your way through until you build up that emergency fund. So I agree with Jade. You're asking what would we do? What should you do?
And now all of a sudden you can build up and you'd be surprised how you can make your way through what we call the emergencies of life. You can maneuver your way through until you build up that emergency fund. So I agree with Jade. You're asking what would we do? What should you do?
And now all of a sudden you can build up and you'd be surprised how you can make your way through what we call the emergencies of life. You can maneuver your way through until you build up that emergency fund. So I agree with Jade. You're asking what would we do? What should you do?
And yeah, I think you knock the car payment out and just think about how life changes when you don't have that car payment.
And yeah, I think you knock the car payment out and just think about how life changes when you don't have that car payment.
And yeah, I think you knock the car payment out and just think about how life changes when you don't have that car payment.
That's another good thing for the mindset there. Because I'm going to tell you something. The psychology is real, George, when you think about emptying the savings account. That's real. Yeah. You know, to this day, I've said this before, Jade, I've got a large emergency fund. I try to never use it.
That's another good thing for the mindset there. Because I'm going to tell you something. The psychology is real, George, when you think about emptying the savings account. That's real. Yeah. You know, to this day, I've said this before, Jade, I've got a large emergency fund. I try to never use it.
That's another good thing for the mindset there. Because I'm going to tell you something. The psychology is real, George, when you think about emptying the savings account. That's real. Yeah. You know, to this day, I've said this before, Jade, I've got a large emergency fund. I try to never use it.
And my first reaction is, all right, Stacey, this happened. So let's figure out what we're moving around.
And my first reaction is, all right, Stacey, this happened. So let's figure out what we're moving around.
And my first reaction is, all right, Stacey, this happened. So let's figure out what we're moving around.
That's right. Great, great point there. Let's go to George. From one George to another George. Portland, Maine is where he is. George, how can we help?
That's right. Great, great point there. Let's go to George. From one George to another George. Portland, Maine is where he is. George, how can we help?
That's right. Great, great point there. Let's go to George. From one George to another George. Portland, Maine is where he is. George, how can we help?
We've got about 40 seconds here. So yeah, drop that advice.
We've got about 40 seconds here. So yeah, drop that advice.
We've got about 40 seconds here. So yeah, drop that advice.