What if your cat gets sick, your car breaks down, you tear your ACL, or a tree falls on your roof? There's only one person you can count on to bail you out—and that's you.
Gold is an explicit bet on things getting worse. And the people in charge will continue doing stupid stuff on a routine basis. That's why gold is going to be one of the best investments going forward.
If you don’t pay your mortgage, the bank will repossess your house. So, you should probably pay it off first. This is how you prioritize the rest of your debt.
Credit card companies do not want you to default. So they are surprisingly willing to negotiate. If you get stuck, pick up the phone and call the credit card company... before the debt collectors start calling you.
If you go to Jersey Mike’s to buy a sandwich, and you pay with a credit card, you are taking out a loan to buy a sandwich. It’s debt. But people don’t think about it this way. They think credit cards are magic money machines.