We're Not in a Housing Bubble. It's Worse.

Timestamps:
00:00 - Introduction - Welcome to Episode 2
00:38 - Setting the Stage - Why Consumer Debt Matters
02:06 - Debt and Your Credit Score - How It All s
04:30 - Breaking Down Household Debt - The $18.4 Trillion Number
06:30 - Credit Card Debt Hits $1.21 Trillion
08:30 - Interest Rates on Credit Cards - The 24% Trap
11:40 - The Stimulus Effect - How 2021 Changed Everything
16:04 - Not a Housing Bubble, A Consumer Debt Bubble
17:04 - The Market Will Self-Correct (Like It Always Does)
19:25 - Student Loans and the 2021 Payoff Trend
23:48 - What Happens If Delinquencies Hit 8-10%
27:46 - Average Savings by Age - The Shocking Numbers
29:00 - First-Time Buyers Need $21,800 Minimum to Close
32:42 - Advice for Buyers - Pay Off Credit Cards First
33:58 - Why Credit Score Is Overhyped
37:18 - Looking Ahead - Interest Rates and 2025 Projections
38:50 - Closing - Thanks for Listening

What is The Principled Entrepreneur?

The Principled Entrepreneur is where real entrepreneurs share the principles, values, and grit that carried them through the toughest seasons to their greatest successes. Hosted by husband-and-wife team Caleb and Jodi Moore, we uncover authentic, relatable stories that prove you’re not stuck and you’re not alone. Whether you’re in a body shop, behind a desk, or chasing a dream, each episode will fuel your hope, strengthen your grit, and remind you to keep going — no matter what.