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Listen "How I Used Debt to Build an Amazing Life"
Episode Synopsis
In this episode, I discuss why bumper sticker advice like “debt is evil and should be avoided at all costs” is short-sited.
I do this by reviewing all the ways debt has helped me build a life that I love with financial security.
I also provide a framework of questions to ask yourself if you ever consider taking on debt:
1. What phase of your financial life are you in?
2. What are your financial goals?
3. Is the use of debt likely to move you towards those goals?
4. What are the risks of taking on debt, and have you prepared for them?
Here is the link to the article on the pros and cons of owning a home: https://themakingofamillionaire.com/the-financial-paradox-of-owning-a-home-2dc36bfca080?sk=a92bb6d33d2688c7e658d602b5e046df
Here is the link to the Facebook group: https://www.facebook.com/groups/makingofamillionaire
Here is a link to my weekly newsletter: https://dogged-mover-9757.ck.page/d1a6fccdf6
I do this by reviewing all the ways debt has helped me build a life that I love with financial security.
I also provide a framework of questions to ask yourself if you ever consider taking on debt:
1. What phase of your financial life are you in?
2. What are your financial goals?
3. Is the use of debt likely to move you towards those goals?
4. What are the risks of taking on debt, and have you prepared for them?
Here is the link to the article on the pros and cons of owning a home: https://themakingofamillionaire.com/the-financial-paradox-of-owning-a-home-2dc36bfca080?sk=a92bb6d33d2688c7e658d602b5e046df
Here is the link to the Facebook group: https://www.facebook.com/groups/makingofamillionaire
Here is a link to my weekly newsletter: https://dogged-mover-9757.ck.page/d1a6fccdf6
More episodes of the podcast Making of a Millionaire
The 3 phases of our financial life
27/04/2021
The Myth of "Passive Income"
06/04/2021
The Rise of the Part-time Entrepreneur
30/03/2021
The 2 Levers Of Financial Independence
23/03/2021
How I Paid Off $50,000 Of Debt
16/03/2021
In God we trust