Do you buy a lot of things with credit cards? Is your monthly EMI amount more than 30% of your monthly income? If you take a lot of debt to buy things that you 'think' you need, you're close to falling into a debt trap! In this video, we'll help you understand how you can save yourself from a debt loop and how to differentiate between good debt and bad debt!
#debt #debttrap #debtfree
0:00- Let's begin
1:01- What is too much debt?
3:08- Reg flags!
4:40- Debt math
5:48- Are you buying on credit
6:22- Consumption spiral- Diderot Effect
7:35- The psychology behind the consumption spiral
9:38- Check your buying checklist
10:09- Rapid fire- good debt vs bad debt
13:06- Bloopers!
Say hi! 👋 on Instagram: bit.ly/zero1byzerodhainstagram
Calculate your DTI: docs.google.com/spreadsheets/...
Here is you buying checklist: docs.google.com/document/d/1i...
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