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Debt is a normal part of most people’s personal finances—according to the Consumer Credit report released by the Federal Reserve, in February 2022 Americans had $4,481 in debt on average. It is no secret that the gender wage gap continues to persist in 2022. Break free of debt. It’s not inherently bad.
I maxed out creditcards and treated my lines of credit as a source of capital to fund my next new business idea. According to him, the entrepreneur has unlimited upside with limitless earning potential, while a job is fixed with a salary and maybe a bonus. My father taught me how to think like an entrepreneur.
As of August 2022, the economy has already seen two months of negative GDP growth, but the National Bureau of Economic Research (NBER) hasn’t officially declared one yet. How much debt do I have (creditcards, student loans, car loans, mortgages, etc.)? checking accounts, your emergency fund, or other savings accounts)?
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