Episode 116: Sharing Stories: When Emotions Impact Your Planning
The gross national debt is inching close to an important statutory ceiling and Steve and Gabriel are here to break down what that all means on this new episode of Our 2 Cents.
They're also sharing real experiences when their clients' emotions took over the the driver's seat in their financial planning.
$31,000,000,000,000 and Counting:
Congress has placed a "cap" on how much the government can borrow, and at the start of the fiscal year the debt has reached $31 trillion, and $31.4 trillion is the borrowing limit.
However, this year's deficit will decline by an estimated $1.7 trillion.
So…
The skinny
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