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URL:https://www.learndesk.us/class/6247818232594432/lesson/0d44e27b0f28bfd4cb67313809cd7a86?ref=outlook-calendar
SUMMARY:Unit 3 - The Debt Trap
DTSTART;TZID=America/Los_Angeles:20260405T190000
DTEND;TZID=America/Los_Angeles:20260405T200000
LOCATION:https://www.learndesk.us/class/6247818232594432/lesson/0d44e27b0f28bfd4cb67313809cd7a86?ref=outlook-calendar
DESCRIPTION: 

Constructive Debt: Mortgage (investment traditionally expected to increase in value)
Destructive Debt: Drains assets through interest charges. Example: consumer credit cards
Keep debt to income ratio in check. Impacts what credit is extended and to whom
Average American household has $16,883 in credit card debt




Invest $100/month rather than give it to the credit card company in interest



Emergency fund savings: stuff happens – cars break down, people lose/change jobs, appliances break, healthcare costs and emergencies vary



https://www.learndesk.us/class/6247818232594432/lesson/0d44e27b0f28bfd4cb67313809cd7a86?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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