My Debt-Free Story and the Biggest Takeaways Along the Way

Did you know millennials carry an average credit card debt amount of about $4,600? I'm proud to say that I'm credit card debt-free, but that wasn't always the case. In fact, I had gotten myself into tens of thousands of dollars in debt multiple times. It took years and thousands of dollars to undo the damage. Today, I'm sharing some of my biggest takeaways from the experience. Here's a glance at this episode: [02:10] Credit limit increases can be dangerous territory as they give you a false sense of security that can lead to more spending. [04:31] Learn from my mistake…making minimum payments and continuing to use credit cards, combined with interest fees, can quickly take you over the credit limit. [06:52] If you're not careful with your credit card usage, it can take minutes to overspend and accumulate debt, and then take years for you to get out of the debt payoff cycle. [08:49] If you do not get to the root cause of your overspending, you will end up back in debt. Subscribe, Rate, Review, & Follow on Apple Podcasts This helps me support more people — just like you — to make the best money moves as they make their way to their dream life. Resources mentioned in this episode: Get a free annual copy of your credit report at www.annualcreditreport.com Download the CGS Money Moves Packet Need to organize your debt? Get the CGS Debt Reduction Kit today!

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