Don’t Sweat the Small Stuff with Debt â„¢
Don’t sweat the small stuff with debt is possibly the most irresponsible thing any financial professional could tell a client, yet it continues to happen.
Don’t sweat the small stuff with debt is possibly the most irresponsible thing any financial professional could tell a client, yet it continues to happen.
That is a question that seems to come up a lot so I figure I’d help folks out with some scenarios and when it might be a good time to start thinking about when to… Read More »When Should you Try to Pay Down Debt?
In this thought-provoking piece, Big Cajun Man breaks down the often-misunderstood term debt free. Unlike popular financial advice that tolerates “good debt,” this article insists that being truly debt-free means owing nothing—to banks, institutions, or even family. Using straightforward definitions and real-world examples, the post challenges common misconceptions, like confusing net worth with being debt-free. It invites readers to reflect honestly on their financial situation and ask: Do I really owe nothing to anyone? A must-read for anyone serious about achieving true financial freedom and living completely debt free.
The Big Cajun Man asserts there is no such thing as “Good Debt” and criticizes experts who claim otherwise. They insist all debt is detrimental, comparing the concept of ‘Good Debt’ to the illogical idea of ‘Good Car Accidents’. Regardless of the purpose or economic benefits often presented in defense of debt, BCM emphasizes it always negatively impacts the individual, equating it to stealing from one’s future self. BCM encourages a mindset of despising and quickly eliminating debt.
Sometimes you have the right solution for the wrong problem. Make sure you are solving the right problem.