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Financial Friday: Debt & Taxes Can Lead to Death

Author
The Wohlwend Family
Published
Fri 09 May 2025
Episode Link
https://www.brushwoodmedianetwork.com

FF: Debt & Taxes Can Lead to Death

In the U.S., everything we earn is taken by the government in taxes up until May 19th. In the UK, it's June 13th, and in France it's until July 27th. Prior to those dates, we are working just to pay the government. Debt is also a problem for a lot of people. Knowing how to evaluate where you truly are financially can help you make better decisions. What is the difference between good debt and bad debt? How do you get out of bad debt? Should you pay off all debts entirely? What if you don't have the money to do that? Do you start with the smallest debt amount or with the highest interest debt? Today we talk about debt and taxes, so you can hear about how we overcame $150,000 in credit card debt without ever being a day late on any payments or defaulting in any way. Use this to protect your reputation and get into a better financial position.  

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