Want money advice that you can actually understand? So much money advice ignores who we are, our background, our values, and our emotions. I’ll show you how to be in better control of your money every week, even if you’re just starting out.
🔥 Treat your debt like a small trashcan fire
Hi friend,
If you’re dealing with very expensive debt, like credit cards, I often compare dealing with that debt the same way you would deal with a small trashcan fire: act calmly and do your best to prevent it from growing completely out of control.
But what do you do when you’re overwhelmed, and it doesn’t seem like you can handle the task on your own? Well, you can ask for help. In this particular instance, there is a service called debt relief.
Now, I have to be honest; I’ve always been skeptical of debt relief services, but I think it’s good to always be cautious when it comes to buying financial products and financial services. It’s an unfortunate reality that financial scams do exist.
On this week’s episode of Weird Finance, I spoke to Leslie Tayne, attorney and founder of Tayne Law Group. For over 20 years, she’s been helping people avoid bankruptcy and get out of debt. We chat about my skepticism about the industry, how she advocates for her clients and ways you advocate for yourself.
If you’ve gotten yourself out of credit card debt in the past, what worked for you? If you’ve used a debt relief service, I’d love to hear about your experience. Don’t be shy; hit reply.
Your friend,
1. 💸 What To Do When You're Drowning in Debt with Leslie Tayne (Weird Finance) In this episode of Weird Finance, Paco talks to Leslie H Tayne (@LeslieHTayneEsq, @lesliehtayne) about the daunting topic of being overwhelmed by debt. As a renowned expert in debt resolution and founder of her own law firm, Leslie shares her invaluable insights and advice on what to do when you find yourself drowning in debt, from identifying reputable debt settlement companies and avoiding scams to understanding the complexities of bankruptcy and federal student loans. This episode also features The Economic Outlook with financial astrologer Susan Gidel.
2. 🤑 Here’s Why Staying Debt Free After Paying Off Your Credit Card Is Hard (CNBC)
3. 👩 New Fame, Age-Old Exploitation (New York Times) “These TikTok creators trusted their managers. Now, they just want their money.”
4. 🤓 A bookkeeping thing - Five Things You Thought Your Accountant Was Doing (HYG Original)
5. 💻 Having a Hard Time? Well, the Economy is Doing Great! (What Works) Why are many people having their "slowest/hardest/most grueling year", asks Jenny Blake, when all the economic indicators are looking good?
6. 💭 The boycott movement against Israel, explained (Vox) McDonald’s and Starbucks are among the targets of the nonviolent, but controversial, global protest.
7. 😨 They can't buy into that American Dream': How younger workers are redefining success (USA Today) Sixty-five percent of Gen Zers and 74% of millennials say they believe they are starting further behind financially than earlier generations at their age.
8. 💰 Dollar General Claims It's a Discount Store. It's Not. (More Perfect Union) “Without knowing it, customers are often paying Whole Foods prices for dollar store groceries. A More Perfect Union investigation reveals that Dollar General charges premium prices across a range of staple goods—52% more per pound for chicken breasts than its cheapest competitor, for instance—but masks the high cost from consumers by stocking smaller pack sizes.”
If you have a question you’d like me to answer on the Weird Finance podcast, you can leave me a voicemail at 1-833-ASK-PACO. You can also email me your question by replying to this email or emailing us at weirdfinancepod@gmail.com.
The Nerdletter by Paco de Leon
Want money advice that you can actually understand? So much money advice ignores who we are, our background, our values, and our emotions. I’ll show you how to be in better control of your money every week, even if you’re just starting out.
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