Part 2/9:
Caleb initiated the conversation recognizing the prevalence of debt and how many people find themselves in financial distress. One insightful revelation was that many individuals accumulate debt without fully understanding what led them there. "I bought a car for no reason," he admitted, signaling the importance of making intentional financial choices. Many people, he observes, fail to grasp the simple mechanics of interest — a concept that often compounds their financial woes. Understanding how interest works, particularly on credit cards, can make a significant difference in one's financial situation.