Using the advice that debt experts offer can make a positive impact on your own financial health and develop a roadmap for dealing with your debt…
Let’s be real: Carrying debt can feel isolating at times, like you’re seemingly the only person in the world dealing with such money-related stress. Of course, this is not true—debt is very common in the U.S. and you’re far from alone in dealing with it. It can also be challenging to figure out what exactly you should do about it. You know you want to make a change, but you’re not exactly sure what’s the best first step.
Luckily, the internet makes it easier than ever to find debt experts with something to say. You can then use their advice to make a positive impact on your own financial health and develop a roadmap for dealing with your debt. You can also draw inspiration from some of their first- and second-hand experiences as you find the motivation to tackle your debt. Here are just a few debt experts to check out.
Using the advice that debt experts offer can make a positive impact on your own financial health and develop a roadmap for dealing with your debt.Click To TweetAdvice on Student Loans: Jay Fleischmann
Do you still have student debt to pay off from your post-secondary education? Join the club. Student debt in the U.S. has climbed to nearly $1.5 trillion, according to The Motley Fool. It’s risen by 58 percent over the last 10 years. Needless to say, Americans are seeking practical advice for dealing with this financial burden as they navigate their lives. Oftentimes, these loans are present during the majority of Americans’ married lives, which is why many individuals seek to consolidate student loans with their spouse.
The good news is that studying up on all things student loans-related doesn’t have to be dry or boring at all. Jay Fleischmann, a student loan lawyer, hosts a podcast aptly named “Student Loan Show” full of information and tips to help listeners take charge of their student loans. He also offers a free mini-course to help kickstart the process.
Advice on Debt Relief: Andrew Housser
There’s no universal approach to debt relief; what works for one person might not be the best option for another. Early in the process, it’s important to explore your options and weigh the pros and cons of each. One simple way to stay in the loop is by keeping up with industry experts.
Andrew Housser, the co-founder of Freedom Debt Relief, makes a serious effort to help educate people on topics related to personal finance—including, of course, preventing and eliminating debt. From tips to avoiding the effects of holiday overspending to general business advice based on his years as a CEO of a leading debt settlement company, Housser makes debt-related topics accessible and relatable.
Advice on Retirement: Chris Hogan
Debt influences your retirement savings, or lack thereof. For this reason, it’s important to consider how you optimize your finances now to set yourself up well for the future.
Financial advisor and speaker Chris Hogan shares tips and tricks for retirement planning via social media. He also wrote a #1 best-selling book about “retiring inspired,” making this expert a great resource for short- and long-term financial planning.
Advice on Credit Card Balances: Marcus Garrett
Seeing other people succeed at paying off massive loads of debt can be very motivating. These people are also the best equipped to offer advice and tried-and-true perspective. Well, author and podcaster Marcus Garrett racked up $30,000 in debt and paid it off by the time he turned 30. As the website for his podcast Paychecks & Balances notes, “For a period in his life, Marcus lived check-to-check. It got so bad he was paying off credit cards with other credit cards.” Tune in or read his e-book to learn more.
These four debt experts have something to say, but there’s an entire online world filled with additional advice, tutorials, checklists, essays, videos and forums. Instead of giving into debt denial, empower yourself by learning as much about personal finance as you can.
