Listen "The Psychology of Financial Pressure, Debt Repayment Strategies, and Retirement Account Choices"
Episode Synopsis
In episode 64 of Financial Conditioning, Simon Karmarkar welcomes listeners with an introduction to the psychology of financial pressure. He engages with Dr. Sunita Sah, who shares her background and insights on compliance in financial decision-making. Simon recounts a personal tale highlighting the risks of margin trading and explains its inherent dangers. The episode offers strategic advice on debt repayment, comparing the debt avalanche and debt snowball methods. Simon also discusses the considerations for choosing between Roth and traditional retirement accounts, providing listeners with guidance on making informed retirement planning decisions.