In this video, Shannon Lee Simmons talks about the misinformation and right way to use a credit card from her new book, Living Debt-Free.
Drop the shame to go debt-free in 2019, money expert says
Investment manager Shannon Lee Simmons advises those who owe money on credit cards or loans to re-frame the debt by not being too self-critical about how it was accrued.
“Most times people take on debt because of normal things, job loss, kid in hockey, a reno gone wrong,” Simmons told CTV’s Your Morning.
“It’s not because of Gucci purses.”
Simmons’ new book, Living Debt Free, advises paying down debt as the first step to financial recovery.