Breaking Bad Financial Habits with Debt Free Dad Brad Nelson

Lavahot Entrepreneur Podcast - Business, Marketing, and Personal Development

Have you ever stopped to think about what your money habits are and how they impact your debt situation? Well, we have someone who has not only thought about it but has also journeyed from debt to financial freedom and is now guiding others on the same path. Join us as we share an enlightening conversation with the financial coach and host of the Debt-Free Dad podcast, Brad Nelson.
In the first part of our chat, Brad breaks down the nitty-gritty of good and bad debt, giving you a clear understanding of how to navigate your finances. He also shares a hard look at current economic statistics, revealing a majority of people are under financial strain, a trend that has held firm for almost a decade now. From there, he dives into his personal journey of financial transformation, crediting intentional budgeting and investing as his secret weapons. As you listen, you'll pick up practical tips to help you identify your spending habits and learn how to break free from financial chains.
Finally, we explore the relationship between spending habits and debt. You'll learn about the common pitfalls people face, such as eating out, subscriptions, car payments, and medical bills. The conversation rounds up with a discussion on the significance of having a support system and accountability in managing personal finance. You'll hear inspiring stories of individuals who transitioned from being in debt to being debt-free, emphasizing the power of consistency and discipline in achieving financial freedom. Don't miss out on this empowering conversation with Brad Nelson!

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1. Good and Bad Debt With Brad (00:00:00)

2. Taking Control of Personal Finances (00:03:37)

3. Debt and Spending Habits Impact (00:09:10)

4. Normal People's Approach to Personal Finance (00:22:14)