The Wealth Equation

Wealthy vs. Broke Debt

Episode Summary

Debt is a very powerful tool, and often we are socialized to believe that debt is bad and being debt-free is good, and that’s actually not true. In this episode, I’m sharing the difference between wealthy debt and broke debt, why the world’s largest companies almost always have debt on their balance sheets, and how debt can either accelerate your growth or become a huge downfall if you don’t know how to use it properly.

Episode Notes

Debt is a very powerful tool, and often we are socialized to believe that debt is bad and being debt-free is good, and that’s actually not true.

In this episode, I’m sharing the difference between wealthy debt and broke debt, why the world’s largest companies almost always have debt on their balance sheets, and how debt can either accelerate your growth or become a huge downfall if you don’t know how to use it properly.

Tune in to learn:

• Why debt itself isn’t bad, and why being debt-free isn’t always better
• The difference between how wealthy people and broke people think about debt
• How debt can be used to create future growth, or rob your future self
• The few things you must understand to use debt powerfully, especially during high-spend seasons