A short, blunt personal-finance monologue (by Ramit Sethi) warning that very high-interest consumer debt should be treated like an emergency. The speaker reacts to an example of owing about $32,000 at a 26.99% APR and urges urgent action while expressing incredulity.
Actually, if I can be really honest with you, the best advice I can give you is don't even get in this situation in the first freaking place. But if you're here, we got to deal with it. The highest interest debt should be treated like an emergency. Are you reading the words on my lips? You know how many people I meet, they're just super casual walking around, you know, like those little horses that dance when they walk. Then it turns out that they owe, like, $32,000 at 26.99%. I'm like, how are you alive right now? I would be hyperventilating 247 if that were me, but maybe that's just because I understand math.
