Mastering Your Money: Steve Sexton Talks Financial Wellness with Howard Yaruss
Episode Overview
Increase your savings by 1% in 2023 to boost retirement funds Save an extra $50 a month to build better financial habits Pay off your smallest debt as soon as possible to start a debt snowball effect
One of the things that I'd like to start with, and it's the biggest question that everybody wants to know from our listeners is they see the national debt. It's in 30 plus trillions of dollars. And they want to understand, hey, is that a threat? So I just wonder if you could just start right there. The way I address it in understandable economics is I can't get my head around the difference between 10 trillion, 20 trillion, 30 trillion. It all sounds like an inconceivably large number to me. So what I do in the book is I break it down on a per person basis and per American, it's $68,000. I know exactly what $68,000 is. I can get my head around it. I can decide if it's too much or too little.
Ever feel overwhelmed by the world of finance? You're not alone. In this engaging episode of the Saving with Steve show, host Steve Sexton sits down with Howard Yaruss, an economist, professor, attorney, and businessman who has a knack for making complex issues easy to understand. Howard, the author of 'Understandable Economics', breaks down topics like national debt, cryptocurrency, tax cuts, and inflation into bite-sized pieces that anyone can grasp. But it's not just about understanding—it's about taking action.
Steve and Howard discuss practical tips for boosting your savings, forming better financial habits, and managing debt effectively. Whether you're looking to get a grip on your personal finances or just curious about the economic forces shaping our world, this episode offers valuable insights that can help you make smarter money moves.