Doubling Down on Daunting Debt

<p>Do you get a lump in your throat anytime people talk about debt? You’re not alone. </p><p><br>In this episode of The Gab Lab, Pamela Meger does a deep dive into debt (we see you cringing 😉); because the first step to managing debt is to confront it. Debt can feel like a never-ending black hole. But today, we learn taking action and ownership of your numbers will help you find the way out!</p><p><br>As Founders, optimism is entrenched in our DNA. It also tends to be embedded in our financial forecasts. We budget for things to go well but forget to account for hidden expenses (i.e. interest charges) or prepare for inevitable down turns and dry spells. That’s why today, we uncover the costs and consequences of debt so you can plan to get yourself out of the hole and into a better financial position. </p><p><br>Give this episode a listen so you can take your first step toward getting rid of daunting debt!</p><p><strong> </strong></p><p><strong>Part 1 // UNLEASH YOUR DEBT LOAD </strong></p><p>Debt… that one responsibility you wish you could shake off, right? </p><p> </p><p>The first step in getting it under control is to understand it. In this segment we go over the types of debt businesses accrue and take a dive into the costs of consequences to you and your business. Don’t let debt immobilize you or your operation. In this segment Pamela emboldens us to confront the dread we feel towards debt. </p><p><strong> </strong></p><p><strong>Part 2 // SIMPLE SOLUTIONS TO DEAL WITH DEBT</strong></p><p>As Taunya likes to say, “Fear is rooted in uncertainty. Anxiety is rooted in inaction.” The best way to start managing debt is to move on it. Encouragement to take the first small step is what Pamela offers in segment. She reminds us, the sooner we reach out for help, the more options we have available to us.</p><p> </p><p>We’ve covering multiple solutions for dealing with debt, so that YOU can start to gain control of your finances and your future. We know it can be intimidating, so give this segment a listen to, no