In this episode of Drip Trickle Flow Flood, Melissa and Tony dive into a recent Ramsey Show clip. A caller bought an $11,000 engagement ring using a 0% interest credit card, even though he had the cash to pay outright. Dave called it dumb. We call it smart, depending on the situation. This episode explores when debt is a dangerous trap, and when it might actually be a savvy tool for building wealth.

You’ll hear:

• Why Dave Ramsey’s one-size-fits-all debt advice might not work for everyone
• How to decide if using debt makes financial sense in your situation
• Melissa and Tony’s personal experiences with “good debt”
• The difference between emotional spending and strategic debt
• Why financial decisions should be based on math, not shame
• Ideas for building your own finance discussion group to reduce stigma and grow smarter together

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Links:

Tony’s website:

https://tonymoceri.com/

Melissa’s website:

https://melissacassera.com/

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Disclaimer:

The information provided in this podcast is for informational and entertainment purposes only and should not be considered financial, investment, tax, or legal advice. The opinions expressed by the hosts and guests are solely their own and do not reflect the views of any companies or organizations they may be affiliated with.

Listeners should conduct their own research and consult with a qualified financial professional before making any investment or financial decisions. While we strive for accuracy, we do not guarantee that the information presented is complete, current, or applicable to your specific situation. Investing involves risk, including potential loss of principal.

By listening to this podcast, you acknowledge and agree that the hosts, guests, and producers are not responsible for any financial decisions you make based on the content discussed.