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Sisällön tarjoaa Nate Alger and Save Like Dave. Nate Alger and Save Like Dave tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.
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071 | Good Debt vs. Bad Debt

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Manage episode 390819695 series 3312037
Sisällön tarjoaa Nate Alger and Save Like Dave. Nate Alger and Save Like Dave tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.

Is there such a thing as good debt?

In Dave's opinion, not all debt is considered "bad" debt.

Good debt is viewed as taking on debt that benefits your life.

This debt is a way to create wealth by leverage… a mortgage for a house will build equity, for example.

Bad debt, on the other hand, does just the opposite. It’s a burden, a weight on your shoulders, and unlike most home purchases, bad debt almost always goes down in value over time.

Good debt is a type of debt that can potentially provide long-term financial gains and enhance your overall financial situation.

It typically involves borrowing money for investments or purchases that have the potential to increase in value (key to winning with money) or generate income over time.

That said, it's crucial to manage debt responsibly and within your means to avoid financial stress or negative consequences.

Questions for Review:

  • Do you have any "good" debt?
  • In what ways can you look at your future differently by looking at debt as both good and bad?

Verse From the Episode: “Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it?” -Luke 14:28

  continue reading

77 jaksoa

Artwork
iconJaa
 
Manage episode 390819695 series 3312037
Sisällön tarjoaa Nate Alger and Save Like Dave. Nate Alger and Save Like Dave tai sen podcast-alustan kumppani lataa ja toimittaa kaiken podcast-sisällön, mukaan lukien jaksot, grafiikat ja podcast-kuvaukset. Jos uskot jonkun käyttävän tekijänoikeudella suojattua teostasi ilman lupaasi, voit seurata tässä https://fi.player.fm/legal kuvattua prosessia.

Is there such a thing as good debt?

In Dave's opinion, not all debt is considered "bad" debt.

Good debt is viewed as taking on debt that benefits your life.

This debt is a way to create wealth by leverage… a mortgage for a house will build equity, for example.

Bad debt, on the other hand, does just the opposite. It’s a burden, a weight on your shoulders, and unlike most home purchases, bad debt almost always goes down in value over time.

Good debt is a type of debt that can potentially provide long-term financial gains and enhance your overall financial situation.

It typically involves borrowing money for investments or purchases that have the potential to increase in value (key to winning with money) or generate income over time.

That said, it's crucial to manage debt responsibly and within your means to avoid financial stress or negative consequences.

Questions for Review:

  • Do you have any "good" debt?
  • In what ways can you look at your future differently by looking at debt as both good and bad?

Verse From the Episode: “Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it?” -Luke 14:28

  continue reading

77 jaksoa

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