Ep 5. Time to Buy or Time to Sell?

In Going From Broke season 1 episode 5, titled "Time to Buy or Time to Sell?" host Dan Rosensweig and financial expert Tonya Rapley help individuals facing financial struggles overcome their obstacles.

This episode follows the story of Dajuan, who is a college student with a dream to become a veterinarian. However, he is drowning in debt and has no idea how to manage his finances. Dan and Tonya sit down with Dajuan to assess his financial situation and come up with a plan to help him get back on track.

They first identify his biggest financial issue - a $7,000 medical bill that he has not been able to pay. Dan and Tonya help him negotiate with the hospital for a payment plan that is more manageable for him. They also advise him to sell his car, which is a major expense, and get a less expensive one to free up some money.

In addition, Dajuan has amassed credit card debt and has not been keeping up with his bills. Dan and Tonya make a plan for him to consolidate his debt and set up a budget that he can stick to. They also offer advice on how to build credit, which will be essential for him to achieve his dream of becoming a vet in the future.

Another challenge Dajuan faces is managing his expenses while in college. He is currently living in a dorm, but Dan and Tonya urge him to look for more affordable housing options. They also advise him to get a part-time job to help cover his living expenses and reduce his reliance on student loans.

Through all of this, Dan and Tonya provide practical solutions and support to help Dajuan take control of his finances and work towards a debt-free future. They encourage him to make small changes now that will have a big impact in the long term.

Overall, "Time to Buy or Time to Sell?" offers valuable advice for anyone struggling with debt and finances. The episode is filled with practical tips and inspiring stories that show how anyone can take control of their financial situation with the right mindset, advice, and help.