Break Free from the Illusion of Affordability: Smart Money Moves

Welcome to The Money Podcast! In today’s episode, we’re tackling a critical issue that affects many: Debt and EMIs. With the rise of credit cards, loans, and "buy now, pay later" schemes, understanding the financial implications of debt has never been more important.Here’s what we have discussed in the podcast:* How easy credit can create a false sense of affordability?* The importance of maintaining a healthy debt-to-income ratio.* Signs that you might be in too much debt.* The risks of accumulating debt through loans and modern credit schemes.* Strategies to avoid the consumption spiral and impulse buying.* The difference between good debt (like education loans) and bad debt (like overspending on depreciating assets).* How to recognize and escape the debt spiral?Join us as we explore these topics and more, providing you with the knowledge you need to manage your finances wisely.Here are my social media handles-Twitter: https://twitter.com/neerajarora91Linkedin: https://www.linkedin.com/in/neerajarora91/All the best. God bless you!❤️ Neeraj Aroraऔर हाँ, सीखते रहें, क्यूँकि सीखना शुरू तो जीतना शुरू 🚀Thanks for reading The Money Podcast! Subscribe for free to receive new posts and support my work.How does this work?* You subscribe to my write-ups. (No cost at all)* Check your email after subscribing.Shift “The Money Podcast” From Promotion or other tabs to your Main Inbox* Check whether The Money Podcast is in the promotion tab.* Click and Drag it to your Inbox.* Click yes on Do this for future Dialog box at the bottom left.Check the instructions in the picture below.Also - add [email protected] to your contacts in your email account. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.themoneypodcast.in