Its Not Your Fault that you have Financial Cancer - Freedom Nation Podcast

Episode 2

Its Not Your Fault that you have Financial Cancer

Published on: 22nd October, 2021

In this episode Jeff talks about the following topics:

  1. The baby boom generation was the first generation in our country that had access to credit cards and other forms of consumer credit. That began a period of people buying what they wanted, when they wanted. Much different from their parents.
  2. Debt is the enemy to long term financial success. For every Dollar you spend on debt today, reduces your future savings by $10 (based on 30 years at 8% interest).
  3. Most of us learned from our parents that debt was ok. Television shows show us the high end lifestyle, keeping up with the Jones’ is the way. As Dave Ramsey often says “Why keep up with the Jones’, They are broke”
  4. Although you are not responsible that the education system didn’t train you to be better financially, for you to reach your eventual Freedom Day, you will need to get control and reduce debt. It can be done if you focus on it.
  5. Tell the story of Andrew.
  6. EXERCISE: Know your enemy. Spend a day writing down all your debts. Make sure you have everything. This is a good activity to do with your spouse.
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About the Podcast

Freedom Nation Podcast
The Freedom Nation podcast is the home of Freedom Day, the achievement of a work-optional lifestyle. Our show focuses around personal finance, real estate, multiple sources of income, cashflow, and the stories of people that have achieved their own Freedom Days. Our host is Jeff Kikel a 30 year veteran of the Financial Services industry that attained his own Freedom Day by building multiple streams of income, selling some, buying more and sharing his story with the audience.
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Jeff Kikel