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Today on the podcast, I’m back with a returning guest for our next episode of the Brown Vegan Podcast Money Series.
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With the Money Series, I’ll be bringing in guest experts to focus on all things finances because, as you’ve heard me say, you can’t have wellness without financial wellness.
My friend Grace is on the podcast with me today.
If you missed episode 89, we spoke about fitness, food, being vegan in the military and more, so make sure you check that out to get the background on Grace.
That being said, today we’re talking about DEBT.
A few years back, Grace and I were hiking together and she shared with me that she had recently paid off all of her credit card debt. As someone on my own financial wellness journey, I was so interested to hear what strategies she used and how long it took her. We ended up talking about it for so long, that when I started the Money Series, I knew I had to ask Grace to come back on the podcast to share her own story.
This episode is full of such valuable insight from Grace about debt, building your credit, and home ownership. But what I love about this episode is that it’s so relatable. Grace’s debt didn’t come from a lack of income; her debt grew over time due to predatory credit card companies, lack of education around credit payments, and subtle overspending.
This is the story for so many of us, and there is typically so much shame around these topics. But with the right knowledge and support (accountability is a huge part of Grace’s journey), there’s no need for shame or guilt, it’s all about finding the right plan.
I’m so excited to share this episode with you all so please let me know your takeaways.
You’ll hear us discuss:
Grace’s childhood beliefs about money
Why overspending can lead to debt even if you’re making good money
Dave Ramsey’s approach to paying off debt and whether or not we think it’s culturally competent
How Grace improved her credit score and got out of debt
The importance of having good credit as a Black person in America
Predatory credit card practices and how they target college students
Buying a home and why having no debt makes underwriting easy
How to use accountability groups to help pay off your debt and create financial stability
Finding what works for YOU when it comes to paying off debt
How Grace plans to handle money in relationships
Follow Grace:
Resources mentioned:
Previous podcast episode with Grace