Debt Consolidation Is Keeping People in Debt Longer (Here’s How to Avoid It)
👉 Start the free Money-Proof Reset here: https://shanitene.com/reset7 Debt consolidation can either speed up your freedom or quietly keep you in debt longer. This episode shows you how to tell the difference before you say yes. Debt consolidation is one of the easiest ways to accidentally stay in debt longer. Lower monthly payments feel like relief. But relief is not the same thing as progress. In this episode, I break down exactly how debt consolidation works, why so many people choose the wrong option, and how to evaluate any consolidation loan before it costs you thousands more over time. You’ll learn: • What APR really means and why it matters more than the payment • How origination fees quietly increase your total payback • Why a lower payment can actually delay debt freedom • How to choose the right loan term (36 vs 60 months) • Why behavior change matters more than the loan itself If you’re considering debt consolidation, or think you might need it in the future, this episode can save you years and thousands of dollars. 🧭 FREE RESOURCE If debt decisions feel overwhelming or confusing, the Money-Proof Reset was created to help you slow down, get organized, and make decisions with clarity instead of pressure. 👉 Start the free Money-Proof Reset: https://shanitene.com/reset7 📌 WATCH NEXT If this episode helped you rethink consolidation, watch next: 👉 How I Saved $50K In One Year • How I Saved $50K in One Year 🔔 STAY CONNECTED Subscribe for weekly conversations where finance meets faith. Clarity creates confidence. Confidence creates consistency. This episode covers: debt consolidation explained debt consolidation mistakes how to consolidate debt safely APR vs interest rate loan origination fees debt payoff strategy personal finance education 💰 MY FAVORITE FINANCE TOOLS Money Proof Reset: 7 Days to Peace https://shanitene.com/reset7 Book A Free Wealth Clarity Call https://bit.ly/4d9MfI7 Get Started with Stocks Guide (Investing for Beginners) https://bit.ly/3S7zyoS Free Training: Reach Financial Freedom the Kingdom Way https://bit.ly/3S8TaJr Wealthfront High Yield Savings Account: https://bit.ly/3XWIh17 Monarch Money Budgeting App https://bit.ly/463PX3C ✝️ MY FAVORITE FAITH TOOLS First Steps As a New Christian https://bit.ly/4cBLGXy The Bible App https://www.bible.com/app THRIVE Devotional Bible https://amzn.to/3VGrgp4 The Bible in 52 Weeks: Bible Study https://amzn.to/3VGrgp4 🎙 LISTEN TO THE SHOW Apple: https://apple.co/4bNFGtJ Spotify: https://spoti.fi/4bH71xr 👋🏼 SAY HI ON SOCIAL! Website: https://shanitene.com Instagram: @shanitene TikTok: @shanitene ⏰ TIMESTAMPS 00:00 Why Debt Consolidation Can Keep You Stuck 01:16 What APR Actually Tells You 02:45 Origination Fees Explained 04:16 Choosing the Right Monthly Payment 05:10 36 vs 60 Month Loan Terms 06:00 Why Behavior Determines Success ❤ DISCLAIMERS & DISCLOSURES This content is for educational and entertainment purposes only. Shani does not provide tax or investment advice. All investments carry risk, including the potential loss of principal. Past performance does not guarantee future results. Affiliate links in this description support the podcast at no extra cost to you - and oftentimes include discounts for you. Shani Tené participates in the Amazon Services LLC Associates Program. Thank you for your support!
