Local money coach Lisa Chastain told Abel Garcia that nearly all of her clients are struggling with credit card debt and offers these tips to get those balances paid down.

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Christopher Whalen, Chairman of Whalen Global Advisors, discusses the risks to the banking sector, opportunities for investors, market outlook, and current labor market conditions.

*This video was recorded on July 19, 2024

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0:00 – Intro
1:00 – Market outlook
2:50 – Banking sector
6:50 – Liquidity issues
8:30 – Commercial real estate
9:50 – Debt maturing
13:20 – Unemployment
15:27 – Housing affordability
18:00 – Inflation outlook
20:15 – Liquidity crisis?
22:00 – De-dollarisation
26:10 – Fed policy
30:55 – Fiscal policies
32:10 – Tariffs
34:54 – Risk-on sentiment
36:00 – Banking consolidation
40:30 – DeFi and crypto

#economy #investing #stocks

The U.S. national debt is nearly $33 trillion as of early September 2023. Every year since 2001, the U.S. government has spent more money than it takes in, which means it has to borrow money to make up for the difference. The national debt is frequently discussed as a danger to future generations, but some economists say there’s no reason to get the national debt down to zero. One reason for that is without the debt, there would be no federal government securities, such as Treasury bonds, which provide investors a safe place to park their money while accruing interest. Most economist warn, however, that there’s a balancing act when it comes to the national debt. Watch the video above to learn more about why the U.S. can’t get a handle on the national debt and whether it even has to.

Chapters:
00:00 — Introduction
01:39 — The role of debt in the economy
03:28 — How debt can harm the economy
06:17 — The global economy

Produced by: Charlotte Morabito
Edited by: Amy Marino
Animation: Jason Reginato
Supervising Producer: Lindsey Jacobson

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Why The U.S. Won’t Pay Down Its Debt

American Consumer Credit Counseling, Inc is a nonprofit credit counseling agency that helps consumers pay off their debt through a debt management program. To learn more, visit https://www.consumercredit.com or call 866-206-5450.

You can also try debt consolidation as your debt paydown strategy. See the two previous videos we posted for the debt snowball and debt avalanche methods. #Shorts

Refinance the Mortgage or Pay Down Debt?
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Welcome to The Dave Ramsey Show like you’ve never seen it before. On this channel, you will find all of the greatest highlights from The Dave Ramsey Show! The show also live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave’s producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you’ll see exclusive content from our Ramsey Personalities —as well as all kinds of other video pieces that we’ll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

Climbing out of debt can feel overwhelming and costly. That’s why it’s important to understand your options and choose a debt payoff plan that’s right for you.

Getting into debt is a piece of cake, but getting out? That’s the hard part. Fortunately, award-winning authors Holly Porter Johnson and Greg Johnson offer actionable tips and advice on doing exactly that with their new book, Zero Down Your Debt.

With just a pen and a piece of paper in your arsenal, you’ll learn how to implement a zero-sum budget and become debt-free – once and for all. All you need is the know-how, some willpower, and a positive attitude to transform your financial situation. Let Holly and Greg Johnson show you how.

Popular personal finance blogger and money-management expert shows how to overcome financial stress with straightforward advice when debt-reduction programs and budgets fail to help.

FROM ONE OF NIELSEN’S TOP 50 POWER MOMS COMES ADVICE YOU CAN TAKE TO THE BANK—LITERALLY !

Crystal Paine, who has helped busy women everywhere take control of their finances, presents her most effective strategies designed for families of all sizes and income levels.

With hundreds of inspiring “why didn’t I think of that?” TIPS, plus WORKSHEETS, Paine breaks down your goals into easy, manageable steps so you can:

• Achieve a complete financial makeover
• Set up a realistic budget
• Never pay retail
• Slash your grocery bill
• Organize your time & your home
• Use coupons wisely
• Pay with cash only
• Live simply
• Become debt free
• Choose contentment
• Make every dollar count