The Business Society Podcast

The Burden of Debt

June 03, 2021 Melissa Houston / Tonya Rapley Episode 43
The Business Society Podcast
The Burden of Debt
Chapters
The Business Society Podcast
The Burden of Debt
Jun 03, 2021 Episode 43
Melissa Houston / Tonya Rapley

“At 18, you can’t even buy alcohol, but you can take out $50,000 in student loan debt.”

—  Tonya Rapley


While we can all agree that higher education is important, it’s crucial that we look at the financial system put in place to help students access it — and the brutal costs that are associated with it.


My guest in this week’s episode is Tonya Rapley, an award-winning speaker, educator, bestselling author, and serial entrepreneur. She co-hosts the TV series Going From Broke, where she helps young debtors go from financial struggle to becoming CEOs of their own lives. She’s also a fantastic financial advisor who runs the website My Fab Finance.


Tonya is passionate about helping people take control of their finances and find the light at the end of the tunnel of debt.


Tune in for a sobering, honest, and informative conversation about the state of student loan and medical debt in the United States, the harmful aspects of these systems, and their impact on average American citizens.


In‌ ‌this‌ ‌episode,‌ ‌you’ll discover:‌ ‌


• Why young people NEED a show like Going From Broke in our current economic climate 


• How the American student loan system works — and why the system is morally broken


• Real-life examples of hardships caused by the American health insurance system and medical or student loan debt


About Tonya Rapley

Tonya Rapley is an award-winning content creator, speaker, educator, bestselling author, and businesswoman. She is the co-host of Going From Broke, a TV series on Crackle that is in its second season and executive produced by Ashton Kutcher. On the show, she helps debtors go from financial struggle to becoming CEOs of their own lives. She is the founder of the finance website My Fab Finance.


Highlights:‌ ‌

01:44  Meet Tonya Rapley & Going From Broke

05:25  The  two types of clients

06:40  Show origins & participants

09:16  Student loan debt

13:33  How US student loans are set up

14:56  Payback & interest

16:47  Inability to make payments

17:37  CARES Act

19:15  Alternatives

20:39  Medical debt

23:37  Health insurance

24:29  Human impacts

26:44  Canadian situation

27:31  Steps to debt freedom

 ‌

Links:‌ ‌

Tonya Rapley

http://tonyarapley.com

https://myfabfinance.com

https://www.goingfrombroke.info

https://www.crackle.com/watch/5757 

Instagram & Twitter: @tonya.rapley

The Money Manual: A Practical Money Guide to Help You Succeed On Your Financial Journey:

CAN:https://amzn.to/3uqFMSo

US: https://amzn.to/34pifXu

The 5-Step Roadmap to Biz Finance Freedom

https://melissa-houston-cpa-cga.mykajabi.com/5-step-roadmap-to-biz-finance-freedom


Work with me

https://www.melissahoustoncpa.com/work-with-me 


Want more tips and inspiration? Follow me on Twitter @me

Pay yourself more from your business with absolute confidence! Doors are now open for registration to the Cash Confidence For Business Owners Program and you are personally invited to learn how to run your business as the best CEO you can possibly be, while increasing the profit in your business.

Doors close September 21, so make sure you get your application in before then. Apply now at: https://forms.gle/zjxket3WSjhJ51ew5

Show Notes

“At 18, you can’t even buy alcohol, but you can take out $50,000 in student loan debt.”

—  Tonya Rapley


While we can all agree that higher education is important, it’s crucial that we look at the financial system put in place to help students access it — and the brutal costs that are associated with it.


My guest in this week’s episode is Tonya Rapley, an award-winning speaker, educator, bestselling author, and serial entrepreneur. She co-hosts the TV series Going From Broke, where she helps young debtors go from financial struggle to becoming CEOs of their own lives. She’s also a fantastic financial advisor who runs the website My Fab Finance.


Tonya is passionate about helping people take control of their finances and find the light at the end of the tunnel of debt.


Tune in for a sobering, honest, and informative conversation about the state of student loan and medical debt in the United States, the harmful aspects of these systems, and their impact on average American citizens.


In‌ ‌this‌ ‌episode,‌ ‌you’ll discover:‌ ‌


• Why young people NEED a show like Going From Broke in our current economic climate 


• How the American student loan system works — and why the system is morally broken


• Real-life examples of hardships caused by the American health insurance system and medical or student loan debt


About Tonya Rapley

Tonya Rapley is an award-winning content creator, speaker, educator, bestselling author, and businesswoman. She is the co-host of Going From Broke, a TV series on Crackle that is in its second season and executive produced by Ashton Kutcher. On the show, she helps debtors go from financial struggle to becoming CEOs of their own lives. She is the founder of the finance website My Fab Finance.


Highlights:‌ ‌

01:44  Meet Tonya Rapley & Going From Broke

05:25  The  two types of clients

06:40  Show origins & participants

09:16  Student loan debt

13:33  How US student loans are set up

14:56  Payback & interest

16:47  Inability to make payments

17:37  CARES Act

19:15  Alternatives

20:39  Medical debt

23:37  Health insurance

24:29  Human impacts

26:44  Canadian situation

27:31  Steps to debt freedom

 ‌

Links:‌ ‌

Tonya Rapley

http://tonyarapley.com

https://myfabfinance.com

https://www.goingfrombroke.info

https://www.crackle.com/watch/5757 

Instagram & Twitter: @tonya.rapley

The Money Manual: A Practical Money Guide to Help You Succeed On Your Financial Journey:

CAN:https://amzn.to/3uqFMSo

US: https://amzn.to/34pifXu

The 5-Step Roadmap to Biz Finance Freedom

https://melissa-houston-cpa-cga.mykajabi.com/5-step-roadmap-to-biz-finance-freedom


Work with me

https://www.melissahoustoncpa.com/work-with-me 


Want more tips and inspiration? Follow me on Twitter @me

Pay yourself more from your business with absolute confidence! Doors are now open for registration to the Cash Confidence For Business Owners Program and you are personally invited to learn how to run your business as the best CEO you can possibly be, while increasing the profit in your business.

Doors close September 21, so make sure you get your application in before then. Apply now at: https://forms.gle/zjxket3WSjhJ51ew5