Podcasts about good debt

Episode Summary In this episode, Karl Bryan and Rode Dog dive deep into the difference between being "rich" and "wealthy," explore frameworks for financial decision-making, and break down practical systems to help coaches and business owners accumulate lasting, quiet wealth (not just loud riches). They tackle the psychology behind wealth, the dangers of FOMO-driven habits, good versus bad debt, AI's role in coaching, and unconventional book recommendations for sharper coaching minds. Stick around for Karl's "moment of Zen" on intentionally shaping the feel of your life and business. Key Topics Covered Rich vs. Wealthy: The Real Difference Karl Bryan lays out the classic Shaq example: "I'm rich making $10 million, but the team owner is wealthy." Rich displays as loud (cars, houses, spend), while wealth is quiet and built by what you don't spend or sell—accumulated over time 02:30. Wealth results from assets held and never sold, while rich is about consumption and visible spending. FOMO and "keeping up with the Kardashians" fuel expensive habits that keep people from accumulating real wealth 05:48. Good Debt vs. Bad Debt Good debt creates positive returns (e.g., property investments that cashflow or machinery that generates more than its payment). Bad debt (especially student loans) is debt you can't escape, often with no financial upside 08:35. Why Optionality Trumps Just "Getting Rich" Karl explains why optionality—having choices—is the ultimate wealth: "Live where you want, drive what you want, do what you want." But beware of moving the goalposts due to FOMO 09:28. Tariffs and Manufacturing Jobs The duo discuss why tariffs alone aren't bringing back traditional manufacturing jobs. AI, automation, and energy are where the future is headed—not trying to revive 1950s economies 12:10. Unconventional Book Recommendations for Coaches Deep-dive recommendations include "Confessions of an Economic Hitman," "The Creature from Jekyll Island," "Antifragile," "What I Learned Losing a Million Dollars," "Sapiens," and "Principles." Each offers powerful mental models, psychological insights, and frameworks—far beyond conventional business books 16:16. Real Estate as a Growth Lever Karl shares advanced real estate strategies (especially in niches like mobile homes and boutique hotels), advocating for accumulating assets that pay you forever, not just selling for a one-time gain 30:09. Designing Your Home, Business, and Life for the Right Feel The "moment of Zen" focuses on intentionally defining how you want your business, home, and life to feel—and structuring rules, systems, and rewards to support that vision 34:17. Notable Quotes "Rich is loud, wealthy is quiet. You want to become wealthy. You want to guide your clients to be wealthy." – Karl Bryan 07:00 "Earned money equals never sell… Introduce me to a family with old money, and I'll introduce you to a great-grandfather who didn't sell." – Karl Bryan 04:25 "FOMO is your most expensive habit... We used to keep up with the Joneses, now it's keeping up with the Kardashians." – Karl Bryan 05:47 "Leadership starts with telling the truth. You have to tell yourself the truth." – Karl Bryan 05:20 "Tariffs: you can't tariff your way back to 1950. The jobs coming back are automated factories with robotic jobs. Amazon 101." – Karl Bryan 12:28 "The real opportunity is energy, tech, and land. That's where the big dogs are investing." – Karl Bryan 12:51 "Optionality is the ultimate goal: the happiest, most peaceful people have lots of options." – Karl Bryan 40:14 Actionable Takeaways Understand & Teach the REAL Difference: Make sure both you and your clients aim to quietly accumulate wealth by holding and nurturing assets, instead of focusing on appearances or loud spending. Leverage Good Debt: Only take on debt that creates positive cashflow and avoid high-interest, no-upside consumer and student debt. Set (and Don't Move) the Goalposts: Establish clear financial targets for yourself and clients and beware of letting FOMO push you into perpetual "more chasing." Read for Leverage: Go beyond trendy business books; seek out foundational texts that give you frameworks on systems, psychology, power, and wealth that most coaches overlook. Build Systems Over Motivation: Use principles and mental models (like those from "Principles" and "Antifragile") to make wealth and happiness inevitable in your business and life. Structure for Feel, Not Just Achievement: Define how you want your business, home, and vacations to feel—then create rules and systems that support that intention. Resources Mentioned Book Recommendations: Confessions of an Economic Hitman (John Perkins) The Creature from Jekyll Island (G. Edward Griffin) Antifragile (Nassim Nicholas Taleb) What I Learned Losing a Million Dollars (Jim Paul & Brendan Moynihan) Sapiens (Yuval Noah Harari) Principles (Ray Dalio) Profit Acceleration Software (by Karl Bryan): Proven system for compounding profit growth for coaches and their clients. Focused.com – Daily emails, coaching resources, and more Networking & Market Analysis: Understand your Total Addressable Market (TAM), find your niche, and track where "the puck is going." If you enjoyed the episode, please subscribe, share with a fellow coach, and leave a review. See you next week on Business Coaching Secrets! Ready to elevate your coaching business? Don't wait! Listen to this episode now and make strides towards your goals. Visit Focused.com for more information on the Profit Acceleration Software™ and join the thriving community. Get a demo at https://go.focused.com/profit-acceleration

Haley Sacks, better known as Mrs. Dow Jones, joins Bobby to break down the money lessons everyone should know but rarely gets taught. She explains the difference between good and bad debt, why building wealth is usually a slow and boring process, and how small financial decisions can make a major difference over time. Haley also shares what it means to become a “future rich person,” the money habits that can quietly hold people back, and why getting your finances in order doesn’t have to feel intimidating or complicated. Watch The BobbyCast on Netflix! Follow on Instagram: @TheBobbyCast Follow on TikTok: @TheBobbyCastSee omnystudio.com/listener for privacy information.

Do you know the difference between good and bad debt? Laura explains why it's a critical concept for saving money, building wealth, and creating more financial security. Plus, she covers a simple 7-step plan for paying off debt fast.Encore Episode: This episode originally aired on Wednesday, March 6, 2024.Money Girl is hosted by Laura Adams and is part of the Quick and Dirty Tips Network. Hosted on Acast. See acast.com/privacy for more information.

Send us an inquiry through a text message here!Buy VRT LIVE 2026 tickets here: https://www.axs.com/events/1451690/the-veterinary-roundtable-ticketsWelcome to a special episode of The Veterinary Roundtable! In this episode, we're joined by financial advisor and money guru, Jerry Vaughn, to help walk us through how to help the individual veterinary professional become financially successful. From discussing the differences between good debt vs bad debt to lowering financial anxiety to evaluating corporate veterinary sign-on bonuses and so much more!Do you have a question, story, or inquiry for The Veterinary Roundtable? Send us a text or voicemail from the link above, ask us on any social media platform, or email theveterinaryroundtable@gmail.com!Episodes of The Veterinary Roundtable are on all podcast services along with video form on YouTube!YouTube: https://www.youtube.com/@TheVeterinaryRoundtableInstagram: https://www.instagram.com/theveterinaryroundtable/TikTok: https://www.tiktok.com/@theveterinaryroundtableTimestamps:00:00 Intro02:42 Jerry Vaughn and Guardian Chamber LLC06:20 Common Financial Pitfalls08:33 Understanding Earning Income vs Building Wealth14:17 Navigating Post-Graduation Student Debt Loads17:02 Core Steps to a Five-Year Financial Plan26:12 Good Debt vs Bad Debt and Credit Cards31:58 Lowering Financial Anxiety41:45 Automating Your Paychecks44:43 Financial Teamwork in Marriage53:34 Evaluating Corporate Veterinary Sign-On Bonuses57:53 One Action YOU Can Do Right Now01:01:46 Outro  

Having debt such as a mortgage with a low interest rate can make good financial sense. Other debt such as high interest credit card debt can help sink you financially.  John and Jason discuss how proper debt management can be an important part of your overall financial plan. Listening Time: 33 minutes 

In this episode, Hannah challenges one of the biggest beliefs in personal finance: that all debt is bad. What if avoiding debt is actually keeping people stuck—and wealthy people are simply using it differently? From Infinite Banking and cash flow to real estate leverage, tax strategy, and the difference between good debt and bad debt, Hannah breaks down a different way to think about money, control, and building long-term wealth. Watch our 90-minute presentation here: https://bit.ly/tmm-podcast-ppt Send us an email at podcast@themoneymultiplier.com Check out our resources at: https://linktr.ee/themoneymultiplier

Good Debt, Bad Debt: Smart Funding Strategies for Small Business Owners is covered in this Podcast***************************************Many small business owners approach debt with an employee or consumer mindset, which holds their business back. In this episode of Leadership Live at 8:05, Andrew Frazier and guest Oz Konar, founder of Business Loan Broker Blueprint, break down the difference between good and bad debt, how to choose the right funding type for your situation, and what to implement to borrow wisely instead of dangerously. You'll learn practical ways to use funding to grow your business without digging a financial hole youOz Konar founded Business Loan Broker Blueprint, an education and funding platform that trains entrepreneurs to become business loan brokers and helps small businesses access the capital they need to grow. Drawing on his background in sales, alternative lending, and marketing, Oz has trained over 7,000 students and leads a team that supports both education and the back-end funding solutions. He focuses strongly on the smart use of debt, business credit, and practical funding strategies for small business owners.LinkedIn:   / oz-konar  Website: https://businesslendingblueprint.com/

What does it actually take to scale a business? In this episode of Masters of Home Service, Adam Sylvester sits down with entrepreneur and Shark Tank investor Daymond John to talk about entrepreneurship, scaling a business, leadership, money, systems, investing, and what separates successful business owners from everyone else. This episode is packed with practical business advice for entrepreneurs and home service business owners. From building FUBU into a global brand to investing in some of Shark Tank's biggest success stories, Daymond shares real lessons on business growth, communication, mindset, leadership, hiring, financial literacy, and scaling sustainably. You'll also hear practical advice for home service business owners on operations, delegation, customer value, business systems, and long-term growth. Show Notes: [00:00] Intro [00:52] What Daymond John wants to be known for [01:27] Why some people succeed in business [03:05] Financial literacy and entrepreneurship [04:52] Good debt vs bad debt [07:22] What investors want to see [08:24] Risk and entrepreneurship [13:03] Why Bombas became successful [16:02] Solving problems in business [17:46] What makes a good communicator [23:07] Health, burnout, and entrepreneurship [26:13] What business owners need to know [29:23] Working on vs in the business [31:06] Every solved problem creates another problem [33:15] The biggest mistakes entrepreneurs make [39:04] Why data matters in business [41:14] Why execution matters more than ideas [44:20] Letting go as a business owner [46:29] Final advice for entrepreneurs New to Jobber? Masters of Home Service listeners can claim an exclusive discount for Jobber at https://bit.ly/4olKiNR

Join James Derrick and Parker Thompson as they unravel the complexities of debt in this informative podcast episode. The duo breaks down various types of debt, concentrating on actionable advice for managing personal debt effectively. They outline what constitutes good debt, such as housing and education investments with potential long-term value, versus bad debt from quickly depreciating items. Listeners learn about smart repayment strategies to tackle high-interest debt and tailored advice on maintaining a balanced financial state. This episode serves as a valuable guide for making informed decisions that bolster financial growth and security.

Join us in Clean Biz Network! https://www.cleanbiznetwork.app/Get your Cleaning Business Automated! Visit https://cleanbizuniversity.com/automa...Join this channel to get access to perks:   / @ajsimmonsonline  Schedule a 1 on 1 Consultation: https://calendly.com/ajsimmonsLet my lead generation company to set bid appointments for you! Click here https://www.cleanbizcrm.com/leadgener...Follow: @AjSimmonsOnline on Instagram   / ajsimmonsonline  Need Business Insurance? Click this link https://nextinsurance.sjv.io/Ea23K9Need Business Credit? Apply at this linkhttps://americanexpress.com/en-us/ref...Thank you for watching, subscribing, liking, sharing, and commenting!!!!

Travis is a seasoned entrepreneur, podcaster, and former door-to-door sales rep who has built multiple businesses by strategically using low-interest and 0% debt. He shares candid stories of funding his podcasting journey, a software startup, and a brick-and-mortar franchise, all while navigating the psychological and financial risks of borrowing. His experience-based approach makes this episode especially useful for anyone torn between “all debt is bad” and “leverage everything.” On this episode we talk about: How Travis used a 0% credit card to launch his podcasting career Why he values financial, time, and location freedom in online business Using 0% credit cards and funding to build a software startup Financing a brick-and-mortar franchise with credit cards and an SBA loan The psychological side of debt and creating urgency without being reckless Top 3 Takeaways Strategic, low- or 0%-interest debt can accelerate your path into a new business or skill set when it's used to buy knowledge, relationships, and revenue-generating assets—not toys. Debt works best when you have a clear plan to “outwork” it quickly, maintain strict discipline, and avoid stacking new debt just to cover old debt. Whether debt is “good” or “bad” depends on your psychology, habits, and situation; it's a case-by-case decision, not a one-size-fits-all rule. Notable Quotes “My content is documenting what I'm doing. It's not a sermon.” “I don't like debt, but seeing it makes me go into hyperdrive to earn more and pay it off.” “Ask yourself: is this helpful, what are the downsides, what are the upsides, and can I comfortably outwork this debt?” Connect with Travis: Linktree: https://linktr.ee/travischappell Instagram: https://www.instagram.com/travischappell/ Other: https://travischappell.com/ Travis Makes Money is made possible by High Level – the All-In-One Sales & Marketing Platform built for agencies, by an agency. Capture leads, nurture them, and close more deals—all from one powerful platform. Get an extended free trial at gohighlevel.com/travis Learn more about your ad choices. Visit megaphone.fm/adchoices

Does Good Debt Exist How to Tell the Difference by Buck$ Outside The Box Podcast

Does Good Debt Exist How to Tell the Difference by Buck$ Outside The Box Podcast

Erin explains why the popular “good debt vs bad debt” debate often leads people in the wrong direction, and what actually determines whether a financial decision builds wealth or creates risk. Join our online community: www.getthehelloutofdebt.com  Today's episode is brought to you by Function Health. Take ownership of your health with over 100 advanced lab tests for $365 a year. Visit www.functionhealth.com/ERIN or use the gift code ERIN25 to receive $25 off your membership. Thank you to our sponsor, Chime. Chime isn't just smarter banking - it's designed to make your money work better for you. Signing up only takes a few minutes. Get started at chime.com/erin. You can support this podcast by checking out Mint Mobile. Switch to Mint and get 50% off unlimited premium wireless. Plans start at just $15 a month. Check it out at mintmobile.com/skye. Leave us a voicemail message here: www.speakpipe.com/erinskyekelly  Purchase Get The Hell Out Of Debt and Naked Money Meetings online or from your favorite bookstore. Learn more about your ad choices. Visit megaphone.fm/adchoices

Readings for Tuesday of the 3rd Week of Lent

If you've always believed debt is dangerous, this podcast is going to change your entire mindset.In this powerful lesson, Rahim Bah breaks down 5 ways rich people use debt to build wealth, create cash flow, grow investments, and achieve financial freedom.For years, you've been told that debt is bad…But the wealthy use strategic debt as a secret weapon.✅ What You'll Learn in This PodcastThe difference between good debt vs bad debtHow rich people grow businesses using debtThe real secret behind property refinancingWhy hedge funds make millions using borrowed sharesHow forex traders use leverage to multiply resultsHow building a high credit score gives you access to cheap capitalHow YOU can use these exact strategies to start building wealth today5 Ways Rich People Use Debt To Become Wealthy | Good Debt vs Bad DebRahim shares his personal story of starting his property investment journey with no savings, using other people's money, and building a multi-million-pound property portfolio.If you want to become an entrepreneur, investor, or financially independent — this video will open your eyes.

Debt gets a bad reputation - but what if the issue isn't debt itself, but how we use it?In this episode, we challenge the idea that all debt is dangerous. We unpack the difference between consumer debt that drains wealth and strategic debt that accelerates it. From high-interest credit cards and lifestyle inflation to house hacking, investment properties, and business acquisitions, we explore how leverage can either trap us or propel us forward.We also discuss how credit scores really work, why wealthy people don't avoid debt (they avoid dumb debt), and how to position ourselves to access better financing terms. For communities that have historically inherited debt habits instead of wealth strategies, this mindset shift is critical.Debt is neutral. It's the strategy behind it that determines the outcome. The question isn't whether to use debt - it's how.We Talk About:[00:00] Intro[01:17] Why Most People Experience Debt as an Anchor[02:38] Lifestyle Debt vs. Wealth-Building Debt[05:49] When Debt Becomes Survival Instead of Strategy[09:23] The Hidden Cost of High-Interest Debt[11:23]  Why Access to Credit Matters More Than Using It[14:02] The Formula for Good Debt: Cash Flow Over Cost[17:25] Why House Hacking Can Accelerate Wealth[28:36] How Optionality Gives You Leverage With Lenders[36:24] Debt Is Neutral — Strategy Determines the OutcomeResources:Learn more at The Color of MoneyLearn more from Dave Ramsey: https://www.ramseysolutions.comListen to previous episodes of The Color of Money featuring Mark KingListen to previous episode of The Color of Money featuring Will RoundtreeBecome a real estate agent HEREConnect with Our HostsEmerick Peace:Instagram: @theemerickpeaceFacebook: facebook.com/emerickpeaceDaniel Dixon:Instagram: @dixonsolditFacebook: facebook.com/realdanieldixonLinkedIn: linkedin.com/in/dixonsolditYouTube: @dixongroupcompaniesJulia Lashay:Instagram: @iamjulialashayFacebook: facebook.com/growwithjuliaLinkedIn: linkedin.com/in/julialashay/YouTube: @JuliaLashayBo MenkitiInstagram: @bomenkitiFacebook: facebook.com/obiora.menkitiLinkedIn: linkedin.com/in/bomenkiti/Produced by NOVAThis podcast is for general informational purposes only. The views, thoughts, and opinions of the guest represent those of the guest and not  Keller Williams Realty, LLC and its affiliates, and should not be construed as financial, economic, legal, tax, or other advice. This podcast is provided without any warranty, or guarantee of its accuracy, completeness, timeliness, or results from using the information.

Quint and Logan talk about “good” debt versus “bad” debt. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Stop working for your money and start making your money work for you by mastering the four non-negotiable rules of financial freedom. Real estate expert Kris Krohn breaks down the psychological barriers to building wealth, explains the critical difference between "bad debt" and "good debt," and shares the compounding strategy he used to retire at age 26. Whether you are just starting or looking to optimize your portfolio, these rules provide a foolproof foundation for turning 20% of your income into a multi-million dollar legacy.

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Dr. Justin M. Lee. Purpose of the Interview To showcase Dr. Lee’s journey from a young real estate agent to a multi-industry entrepreneur. To inspire listeners with strategies for wealth-building through real estate, construction, and logistics. To encourage financial literacy, ownership, and collaboration within underserved communities. To issue a call to action for minorities to explore opportunities like Amazon DSP and real estate investment. Key Takeaways Early Career & Education Started young in real estate, embraced discomfort in rooms dominated by older professionals. Leveraged millennial tech skills (social media marketing) to help veteran brokers grow. Earned a doctorate degree and became a licensed real estate broker. Social Media as a Business Tool Built a strong presence on TikTok (90K followers) and other platforms. Helped older real estate firms thrive by creating digital visibility. Emphasized that “business must look as good online as in person.” Financial Literacy & Homeownership African-American communities often lack foundational financial knowledge. Key barriers: misunderstanding credit, fear of debt, and lack of exposure to ownership benefits. Advocates teaching the difference between good debt (real estate) and bad debt (consumer credit). Real Estate Process Initial onboarding: credit score, income, tax filing. Connect clients with lenders, secure pre-approval, then negotiate and close within 30–45 days. Uses property tours as motivation even for those not yet approved. Pooling Resources for Wealth Industry dominated by white men and foreign investors who use syndication. Dr. Lee created a private family fund with fraternity brothers and friends. Acquired 150+ apartment units and commercial properties by pooling resources and forming LLCs. Amazon DSP Opportunity Owns an Amazon Delivery Service Partner business (42 trucks, 200 employees). Offers minorities a chance to apply for DSP with $10K grant. Taught him true CEO skills: HR, payroll, compliance, and scaling operations. Construction Business Entered construction after experiencing exploitation in fix-and-flip projects. Learned the business side (permits, change orders) and got licensed. Built major projects like a 10,000 sq. ft. restaurant in Atlanta. Advocates for Black representation in construction, an industry dominated by whites and Hispanics. Personal Background Raised in New Orleans during Katrina by a single mother and grandparents. Mother invested FEMA checks into real estate, teaching him property management and renovation skills early. Believes knowledge is power and emphasizes planning and consistency. Notable Quotes On embracing discomfort:“I learned to embrace the uncomfort and make it one of my biggest strengths.” On social media:“You have to make your business look the same way online as in person.” On financial literacy:“Real estate is always going to be good debt. Bad debt is the Macy’s card.” On collaboration:“Pooling resources shows how far we can go and how fast we can go—but together.” On planning:“If you don’t plan, you plan to fail. All you have to do is stick to the plan.” #SHMS #STRAW #BESTSupport the show: https://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Dr. Justin M. Lee. Purpose of the Interview To showcase Dr. Lee’s journey from a young real estate agent to a multi-industry entrepreneur. To inspire listeners with strategies for wealth-building through real estate, construction, and logistics. To encourage financial literacy, ownership, and collaboration within underserved communities. To issue a call to action for minorities to explore opportunities like Amazon DSP and real estate investment. Key Takeaways Early Career & Education Started young in real estate, embraced discomfort in rooms dominated by older professionals. Leveraged millennial tech skills (social media marketing) to help veteran brokers grow. Earned a doctorate degree and became a licensed real estate broker. Social Media as a Business Tool Built a strong presence on TikTok (90K followers) and other platforms. Helped older real estate firms thrive by creating digital visibility. Emphasized that “business must look as good online as in person.” Financial Literacy & Homeownership African-American communities often lack foundational financial knowledge. Key barriers: misunderstanding credit, fear of debt, and lack of exposure to ownership benefits. Advocates teaching the difference between good debt (real estate) and bad debt (consumer credit). Real Estate Process Initial onboarding: credit score, income, tax filing. Connect clients with lenders, secure pre-approval, then negotiate and close within 30–45 days. Uses property tours as motivation even for those not yet approved. Pooling Resources for Wealth Industry dominated by white men and foreign investors who use syndication. Dr. Lee created a private family fund with fraternity brothers and friends. Acquired 150+ apartment units and commercial properties by pooling resources and forming LLCs. Amazon DSP Opportunity Owns an Amazon Delivery Service Partner business (42 trucks, 200 employees). Offers minorities a chance to apply for DSP with $10K grant. Taught him true CEO skills: HR, payroll, compliance, and scaling operations. Construction Business Entered construction after experiencing exploitation in fix-and-flip projects. Learned the business side (permits, change orders) and got licensed. Built major projects like a 10,000 sq. ft. restaurant in Atlanta. Advocates for Black representation in construction, an industry dominated by whites and Hispanics. Personal Background Raised in New Orleans during Katrina by a single mother and grandparents. Mother invested FEMA checks into real estate, teaching him property management and renovation skills early. Believes knowledge is power and emphasizes planning and consistency. Notable Quotes On embracing discomfort:“I learned to embrace the uncomfort and make it one of my biggest strengths.” On social media:“You have to make your business look the same way online as in person.” On financial literacy:“Real estate is always going to be good debt. Bad debt is the Macy’s card.” On collaboration:“Pooling resources shows how far we can go and how fast we can go—but together.” On planning:“If you don’t plan, you plan to fail. All you have to do is stick to the plan.” #SHMS #STRAW #BESTSee omnystudio.com/listener for privacy information.

Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Dr. Justin M. Lee. Purpose of the Interview To showcase Dr. Lee’s journey from a young real estate agent to a multi-industry entrepreneur. To inspire listeners with strategies for wealth-building through real estate, construction, and logistics. To encourage financial literacy, ownership, and collaboration within underserved communities. To issue a call to action for minorities to explore opportunities like Amazon DSP and real estate investment. Key Takeaways Early Career & Education Started young in real estate, embraced discomfort in rooms dominated by older professionals. Leveraged millennial tech skills (social media marketing) to help veteran brokers grow. Earned a doctorate degree and became a licensed real estate broker. Social Media as a Business Tool Built a strong presence on TikTok (90K followers) and other platforms. Helped older real estate firms thrive by creating digital visibility. Emphasized that “business must look as good online as in person.” Financial Literacy & Homeownership African-American communities often lack foundational financial knowledge. Key barriers: misunderstanding credit, fear of debt, and lack of exposure to ownership benefits. Advocates teaching the difference between good debt (real estate) and bad debt (consumer credit). Real Estate Process Initial onboarding: credit score, income, tax filing. Connect clients with lenders, secure pre-approval, then negotiate and close within 30–45 days. Uses property tours as motivation even for those not yet approved. Pooling Resources for Wealth Industry dominated by white men and foreign investors who use syndication. Dr. Lee created a private family fund with fraternity brothers and friends. Acquired 150+ apartment units and commercial properties by pooling resources and forming LLCs. Amazon DSP Opportunity Owns an Amazon Delivery Service Partner business (42 trucks, 200 employees). Offers minorities a chance to apply for DSP with $10K grant. Taught him true CEO skills: HR, payroll, compliance, and scaling operations. Construction Business Entered construction after experiencing exploitation in fix-and-flip projects. Learned the business side (permits, change orders) and got licensed. Built major projects like a 10,000 sq. ft. restaurant in Atlanta. Advocates for Black representation in construction, an industry dominated by whites and Hispanics. Personal Background Raised in New Orleans during Katrina by a single mother and grandparents. Mother invested FEMA checks into real estate, teaching him property management and renovation skills early. Believes knowledge is power and emphasizes planning and consistency. Notable Quotes On embracing discomfort:“I learned to embrace the uncomfort and make it one of my biggest strengths.” On social media:“You have to make your business look the same way online as in person.” On financial literacy:“Real estate is always going to be good debt. Bad debt is the Macy’s card.” On collaboration:“Pooling resources shows how far we can go and how fast we can go—but together.” On planning:“If you don’t plan, you plan to fail. All you have to do is stick to the plan.” #SHMS #STRAW #BESTSteve Harvey Morning Show Online: http://www.steveharveyfm.com/See omnystudio.com/listener for privacy information.

Most people believe saving money is the responsible thing to do. But what if that habit is quietly costing you your future wealth?   In this episode of The Abundance Mindset, Vinney Chopra and Gualter Amarelo break down why money that sits still actually loses power over time—and how fear-based saving can limit opportunity. Vinney shares lessons from building a massive real estate portfolio after coming to the U.S. with just $7, while Gualter connects those principles to real decisions investors are making right now.   Here's what they dive into:

Being debt free would be great going into retirement…but will you hurt your retirement prospects by doing it? We discuss good debt and bad debt and how to make those decisions. Like this episode? Hit that Follow button and never miss an episode!

Thanks to our Partners, NAPA TRACS, Today's Class, KUKUI, and Pit Crew Loyalty Watch Full Video Episode It's time to dig into real-world strategies for managing debt and strengthening the financial foundation of your auto repair business. Shiju Thomas,Hotchkiss Auto RepairDustin Brown,Brown Auto ExpertsHunt Demarest, CPA,Paar Melis and Associates The first big takeaway: Cash is king.Our panel emphasizes the power of maintaining healthy cash reserves—ideally three to six months of operating expenses—to safeguard your shop against unexpected disruptions. If the pandemic taught us anything, it's that cash on hand can be the difference between surviving and scrambling. Another core theme is recognizing the difference between good debt and “bad debt.” Good debt includes real estate and other collateral-backed loans that appreciate, add stability, and support long-term growth. Bad debt includes high-interest burdens like merchant cash advances or short-term credit card loans—products that drain cash flow fast and offer zero assets in return. The panel also addresses a common pain point: “Why doesn't my bank balance match my profit?”The answer lies in understanding the cash flow statement—specifically, that principal payments don't appear on the P&L, even though they hit your bank account hard. Their guidance: pay off high-interest debt first, but don't erase debt so aggressively that you end up “debt-free but cash-poor.” Cash matters just as much as debt reduction. Bottom line: Be intentional with your money. Understand your numbers. And approach debt reduction as a strategy, not a sprint. Additional Resources: - How to Grow Your Shop Without Losing Control [RR 1046]: https://remarkableresults.biz/remarkable-results-radio-podcast/e1046/ - Business by the Numbers with Hunt Demarest: Understand the Numbers of Your Business with CPA Hunt Demarest. https://huntdemarest.captivate.fm/ Thanks to our Partner, NAPA TRACS NAPA TRACS will move your shop into the SMS fast lane with onsite training and six days a week of support and local representation. Find NAPA TRACS on the Web at http://napatracs.com/ Thanks to our Partner, Today's Class Optimize training with Today's Class: In just 5 minutes daily, boost knowledge retention and improve team performance. Find Today's Class on the web at https://www.todaysclass.com/ Thanks to our Partner, KUKUI Stop juggling multiple marketing tools. KUKUI's integrated platform delivers 4x better website conversions, automated follow-up, and real-time ROI tracking. Get industry-leading customer support with KUKUI at

Debt is a word that makes most people nervous. We think of it as a burden, something to avoid at all costs. But what if we've been looking at it the wrong way? Today I'm joined by Professor John Dinsmore, marketing expert and author of the fascinating new book The Marketing of Debt. John peels back the layers on how debt is presented, sold, and even "marketed" to us, from credit cards to mortgages to student loans. And more importantly, he helps us understand how to navigate debt without fear, confusion, or shame. Whether you're a property investor, a business owner, or just someone with a credit card in their wallet, this conversation will change the way you think about borrowing money.     Takeaways  ·         Debt is often marketed in ways that make it seem less risky. ·         Understanding debt can lead to better financial decisions. ·         There are different types of debt: good, bad, and necessary. ·         Financial literacy is crucial for navigating debt effectively. ·         Marketing plays a significant role in how debt is perceived. ·         Younger generations may underestimate the long-term impact of debt. ·         Reading the fine print is essential when taking on debt. ·         AI and digital marketing will evolve the way debt is sold. ·         Strategic borrowing can be beneficial for property investors. ·         Debt should be approached with caution and awareness.     Chapters    02:12 - Why Debt Is Marketed Like Any Other Product  05:58 - Tricks That Make Borrowing Feel Easier Than It Is  09:38 - How Shame, Ignorance and Optimism Trap Us in Bad Debt  13:24 - Good Debt vs Bad Debt: Using Borrowing Strategically  18:40 - AI, Personalization and the Future of Debt Marketing   Links and Resources:   Answer this week's trivia question here- www.PropertyTrivia.com.au ·        Win a hard copy of The Rules of Property. Everyone wins a copy of a fully updated property report – What's ahead for property for 2026 and beyond.     Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us   Michael Yardney – Subscribe to my Property Update newsletter here    Professor John Dinsmore – Educator, Speaker, Consultant  https://www.johndinsmore.com/     John Dinsmore's book : The Marketing Of Debt. https://www.amazon.com/Marketing-Debt-How-They-Get/dp/1836626010   Get a bundle of eBooks and Reports at www.PodcastBonus.com.au     Also, please subscribe to my other podcast Demographics Decoded with Simon Kuestenmacher – just look for  Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.

50 Year Mortgages - Why This is Worse for Buyers There is Good Debt and Bad Debt, and we go over the difference. We talk about the ingenuity of the humans that have brought us great technologies, which is more prevalent where there are private property rights. We talk about the possibility of a 50 year mortgage. While most people today are buying based on the payment and not the purchase price, they are missing the big picture about how a longer mortgage is actually worse for their financial position. We discuss an easy example of a $100,000 home purchase and what it is like with a 15 year mortgage at regular interest rates vs a 30 year and 50 year with the reduced rates and lower down payment. Lengthening the term may be great for the banks, as they make more in interest, but it prevents the homeowner from building any real equity. It is also helping to push purchase prices higher, as the longer rates mean a lower payment, even if most of it is paying interest. We talk about how families used to be able to buy a home, build equity, and prepare for retirement. The longer your loan term, the less likely you are to be in a good position later. Use this information to make better decisions so you and your family can have a better future! Sponsors: American Gold Exchange Our dealer for precious metals & the exclusive dealer of Real Power Family silver rounds (which we finally got in!!!). Get your first, or next bullion order from American Gold Exchange like we do. Tell them the Real Power Family sent you! Click on this link to get a FREE Starters Guide. Or Click Here to order our new Real Power Family silver rounds. 1 Troy Oz 99.99% Fine Silver Abolish Property Taxes in Ohio: www.AxOHTax.com  Get more information about abolishing all property taxes in Ohio. Our Links: www.RealPowerFamily.com Info@ClearSkyTrainer.com 833-Be-Do-Have (833-233-6428)

Is all debt truly harmful, or can it actually help you achieve your retirement goals? In this episode, Nick and Jake reveal how understanding the difference between good and bad debt can reshape your financial future. Discover whether being debt-free is always best, or if keeping certain debts could boost your flexibility and security in retirement. Here's what we discuss in this episode:

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Most people think earning more money will make them rich. But here's the truth: high income doesn't equal wealth. In this episode, Tiffany Phillips reveals the middle-class money trap that keeps business owners stuck—and how to break free. You'll learn the real difference between assets and liabilities, why wealthy people use good debt instead of avoiding it, and how to build multiple streams of income that keep paying you—whether you work or not. We'll cover how to shift from paycheck dependency to paycheck independence with smart strategies, so you can build financial security and freedom. If you've ever wondered why you still feel broke even with a steady income, this episode will change how you think about money forever. Tune in now and start building real wealth instead of just looking rich.   Next Steps:

Ready to take a deep dive and learn how to generate personal tax-free cash flow from your corporation? Enroll in our FREE masterclass here and book a call hereWhat if your mortgage could actually build your wealth instead of just draining your bank account every month?Most Canadians think of debt as something to eliminate—not something to harness. But what if the real key to long-term financial freedom isn't being debt-free, but using good debt strategically? In this episode, Jon Orr breaks down the Smith Maneuver, a powerful yet misunderstood Canadian wealth strategy that transforms your mortgage into a tax-deductible, wealth-generating engine. You'll uncover why “bad debt vs. good debt” is more than just theory—and how shifting your mindset about debt could unlock massive financial growth.You'll discover:How the Smith Maneuver really works—and how to implement it safely within your personal or corporate wealth plan.The truth about risk and why disciplined planning makes this strategy one of the most tax-efficient tools available to Canadians.How to pair it with other advanced wealth strategies like cash damming and corporate-owned life insurance to create liquidity, flexibility, and legacy wealth.Ready to make your money work harder than you do? Hit play now and learn how to turn your mortgage into a lifelong wealth engine.Discover which phase of wealth creation you are in. Take our quick assessment and you'll receive a custom wealth-building pathway that matches your phase and learn our CRA compliant tax optimized strategies. Take that assessment here.Canadian Wealth Secrets Show Notes Page:Consider reaching out to Kyle…taking a salary with a goal of stuffing RRSPs;…investing inside your corporation without a passive income tax minimization strategy;…letting a large sum of liquid assets sit in low interest earning savings accounts;…investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting corporate passive income taxes at greater than 50%; or,…wondering whether your current corporate wealth management strategy is optimal for your specific situation.Achieving financial freedom in Canada starts with a strategic approach that blends tax efficiency, smart investing, and long-term vision. Canadian business owners and entrepreneurs can unlock powerful wealth strategies through tools like the Smith Maneuver, corporate planning, and life insurance leverage to turn good debt into productive assets. By integrating cash damming, salary vs. dividends optimization, and corporate wealth planning, professioReady to connect? Text us your comment including your phone number for a response!Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.

America seems to be more divided than ever before. But why is that? Is it because of leadership? or algorithms? or social media? In this episode of Founder Talk, I sit down with Mike Nellis, founder of Authentic and creator of the viral Substack Endless Urgency, to dig into how technology, money, and incentives are shaping modern politics — and what's really broken about the system. Mike shares his journey from working on the Obama campaign to raising over a billion dollars online through digital organizing and political fundraising.We don't just talk about politics. We challenge it. Mike believes algorithms and billionaires are driving division, but I push back on whether that's the full story. We get into how personal responsibility, leadership, and culture play a bigger role than most people want to admit.We also dive into why campaigns treat voters like ATMs, how Obama and Trump both understood timing and authenticity better than anyone, and what founders can learn from the most successful (and chaotic) campaigns in history.You'll learn: ✅ Why political fundraising feels broken — and what it reveals about business incentives ✅ The role algorithms play in shaping culture, and where accountability really belongs ✅ Why building trust beats chasing outrage in both politics and business ✅ How to lead through division, pressure, and public scrutiny ✅ What founders can learn from political campaigns about storytelling, timing, and convictionIf you've been searching “how social media shapes politics,” “why America feels divided,” or “the business of political fundraising,” this episode gives you the unfiltered truth — no spin, no talking points.Connect with Mike Guest LinkedIn: https://www.linkedin.com/in/mikenellis/Guest Website: https://endlessurgency.com/Want a behind-the-scenes look at how we run the show and the chance to ask upcoming guests your questions? Join the Founder Talk Club in WhatsApp.(it's free): https://chat.whatsapp.com/KDEgJWAH5liFCiWVIU8bIa If you are a B2B company that wants to build your own in-house content operation instead of outsourcing your content to a marketing agency, we may be a fit for you! Everything you see in our podcast and content is a result of a scrappy, nimble, internal content team along with an AI-powered content systems and process. Check out pricing and services here: ⁠https://impaxs.com⁠Timecodes00:00 Introduction to Mike Nellis01:09 Mike's Early Political Journey02:27 Building Authentic and Entrepreneurial Insights03:40 Challenges and Successes in Entrepreneurship06:20 Political Fundraising and Campaign Strategies09:05 The Role of Social Media in Politics20:08 The Impact of Algorithms and Media on Society28:34 Grievances and Lack of Leadership28:51 The Role of Social Media29:50 Incentive Structures and Citizenship32:17 Media and Characterization35:50 Political Landscape and Predictions49:12 Challenges Facing Young Men53:53 Entrepreneurial Journey and Misconceptions54:19 Discussion on US Debt and Economic Policies55:21 Good Debt vs. Bad Debt56:58 Entrepreneurial Challenges and Statistics58:20 Political Impressions and Humor01:03:38 Chicago's Crime and Safety Issues01:11:34 Political Landscape and Future Prospects01:14:25 Building a Media Company and Final Thoughts

This episode is sponsored by Cozy Earth, our go-to for buttery-soft, temperature-regulating bamboo sheets and loungewear that actually lasts. Cozy Earth products are made from responsibly sourced materials that keep you cool, cozy, and comfortable through pregnancy, postpartum, and all the snuggly moments in between. Use code HEHE for an exclusive discount at cozyearth.com and treat yourself to the comfort you deserve. In this episode of The Birth Lounge Podcast, HeHe dives into one of the most overlooked parts of preparing for parenthood, financial stability. While the world loves to scare you about “big babies” and sell you all the baby gear under the sun, HeHe and her guest, Dan Brigham (aka Budgeters Anonymous), are here to help you focus on what actually matters: building a strong financial foundation for your growing family. Together, they unpack the sneaky expenses new parents often overlook, smart budgeting strategies that actually work, and how intentional planning can bring more peace and less panic to your postpartum season. Dan shares his journey of overcoming debt, creating financial freedom, and shifting the mindset from “surviving” to thriving. They also get real about emergency funds, 529 plans, IRAs for kids, and how to get on the same financial page with your partner. This is the money talk every parent needs: judgment-free, empowering, and designed to help you build the future your family deserves. PSA for all my mamas worried about “big baby” talk: Our brand new course — Pushing Out Your Big A** Baby is officially live and in pre-sale until November 1! This class busts through every scare tactic, lays out the real evidence, and gives you the exact tools to advocate for yourself with confidence (no matter how big your baby is). Grab your spot at thebirthlounge.com/bigbaby 00:00 Introduction: Financial Stability for New Parents 00:49 The Myth of the Big Baby 01:31 Understanding Macrosomia and Birth Advocacy 03:05 Introducing the New Course: Pushing Out Your Big Ass Baby 03:27 Pre-Sale Announcement and Course Details 05:01 Budgeting for a Baby: An Essential Guide 05:45 Meet Dan Brigham: Budgeting Expert 08:25 Defining Financial Responsibility 12:22 Good Debt vs. Bad Debt 15:52 Intentional Spending and Budgeting Frameworks 23:34 Making a Baby Budget: Practical Tips 32:33 The Reality of Social Media and Financial Comparisons 35:31 No Spend Weekends: Finding Purpose Beyond Money 38:10 Nesting Instincts and Cozy Earth 41:06 Budgeting for a Baby 44:03 Emergency Funds and Financial Priorities 47:15 Setting Up Financial Accounts for Your Child 51:45 Tracking Expenses and Budgeting Tools 58:59 Mindsets for Financial Success 01:06:57 Final Thoughts and Key Takeaways   Guest Bio: Dan is the founder of Budgeters Anonymous and has free resources on his website. Dan's focus is Faith, Fitness, Family and Finance.  INSTAGRAM: Connect with HeHe on IG  Connect with Dan on IG    BIRTH EDUCATION: Join The Birth Lounge here for judgment-free childbirth education that prepares you for an informed birth and how to confidently navigate hospital policy to have a trauma-free labor experience!   Download The Birth Lounge App for birth & postpartum prep delivered straight to your phone!   LINKS MENTIONED: Find Dan here: budgetersanonymous.com

Ever wonder why spending feels so good, and saving so hard? This episode pulls back the curtain on the subtle, yet powerful, marketing strategies that push us towards debt. Dr. John Dinsmore reveals how banks, retailers, and even social media craft a world where borrowing feels like freedom, often trapping us before we realize it. Hear his personal financial journey and learn how to recognize these influences. Chapter Summary: 00:00 Uncovering the Marketing of Debt 03:22 Why Spending Feels Like Freedom 07:49 Frictionless Payments and Debt 12:53 Our Ignorance of Financial Complexity 17:53 Optimism, Good Debt, and Social Media 25:12 AI's Impact on Debt Marketing 33:12 The Student Loan Crisis 41:53 Financial Literacy in Education 46:47 Personal Reflections and Goals Featured Quotes: "I think what they're also selling is, I mean, in some ways, I guess marketers of debt are selling a bit of a fantasy, right? Being able to get things that you otherwise wouldn't have the means to get in the moment." – Dr. John Dinsmore (01:11) "Most marketing or sales pitches are usually about creating urgency and getting you to act in the moment. Because typically if people take time to think about stuff, usually cooler heads will prevail." – Dr. John Dinsmore (01:40) "Do I really need this? Or probably even better, do I really need this today?" – Dr. John Dinsmore (47:23) Behind the Story: Dr. John Dinsmore's personal struggles with financial decisions, despite his background in finance, inspired his book. He recognized a common disconnect: many people feel things aren't working with their finances but don't know why. His research highlights human biases, the psychological impact of payment methods, and the growing influence of social media and AI in debt marketing. He shares a significant personal lesson from a bad mortgage deal, underscoring the importance of questioning and negotiation. Resources Mentioned: Book: "The Marketing of Debt: How They Get You" by Dr. John Dinsmore (Available on Amazon, Target, Goodreads) Dr. John Dinsmore's Website: dinsmoreresearch.com Dr. John Dinsmore's TEDx Talk: TEDx Talk on Youtube Connect With Dr. John Dinsmore: Website: dinsmoreresearch.com Subscribe to Business, Finance and Soul: Apple Spotify Audible Sponsored by: Transition Staffing Group www.CallTSG.com

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3313: Jen Hayes challenges the common belief that student loans are “good debt,” showing how high interest, limited return on investment, and the inability to discharge loans in bankruptcy can create a lifelong financial burden. She urges students to consider alternatives, such as working and saving before pursuing a degree, and to be strategic about choosing affordable education paths with practical majors. Read along with the original article(s) here: https://www.jenhayes.me/student-loans-bad-debt/ Quotes to ponder: "Interest on student loans compounds, this means that the interest itself collects interest." "Student loan debt, unlike most other forms of debt, cannot be eliminated during bankruptcy." "Whatever you decide to do, don't believe the lie that student loans are 'good' debt." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3313: Jen Hayes challenges the common belief that student loans are “good debt,” showing how high interest, limited return on investment, and the inability to discharge loans in bankruptcy can create a lifelong financial burden. She urges students to consider alternatives, such as working and saving before pursuing a degree, and to be strategic about choosing affordable education paths with practical majors. Read along with the original article(s) here: https://www.jenhayes.me/student-loans-bad-debt/ Quotes to ponder: "Interest on student loans compounds, this means that the interest itself collects interest." "Student loan debt, unlike most other forms of debt, cannot be eliminated during bankruptcy." "Whatever you decide to do, don't believe the lie that student loans are 'good' debt." Learn more about your ad choices. Visit megaphone.fm/adchoices

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3313: Jen Hayes challenges the common belief that student loans are “good debt,” showing how high interest, limited return on investment, and the inability to discharge loans in bankruptcy can create a lifelong financial burden. She urges students to consider alternatives, such as working and saving before pursuing a degree, and to be strategic about choosing affordable education paths with practical majors. Read along with the original article(s) here: https://www.jenhayes.me/student-loans-bad-debt/ Quotes to ponder: "Interest on student loans compounds, this means that the interest itself collects interest." "Student loan debt, unlike most other forms of debt, cannot be eliminated during bankruptcy." "Whatever you decide to do, don't believe the lie that student loans are 'good' debt." Learn more about your ad choices. Visit megaphone.fm/adchoices

Ready to master your business finances and avoid costly mistakes? In this episode of Walk In Victory, host NaRon Tillman sits down with financial expert Ronika Khanna to break down the difference between good debt and bad debt, reveal must-know tax strategies, and share the real secrets behind financial management for entrepreneurs. Whether you're a solopreneur facing your first tax season or a small business owner looking to level up your financial strategy, this episode gives you the tools and mindset shifts you need. Discover how to leverage debt for growth, avoid the most common financial pitfalls, and build resilience in uncertain times. Ika also covers the impact of COVID-19 on business finances, the importance of paying yourself, and how to maximize tax credits and deductions.

In this episode of Wisdom's Table, I dive deep into a topic that many of us may shy away from discussing: debt. Often viewed as a dirty word, debt is something that can significantly impact not just our finances, but our freedom, peace, and ability to fulfill God's assignments in our lives. I aim to shed light on what the Bible truly says about debt, emphasizing that it is more than just a financial issue; it is a spiritual one as well. We start by acknowledging that not all debt is created equal, but all debt requires discernment. I explain how debt, in biblical terms, is essentially borrowing from tomorrow's resources to pay for yesterday's expenses, which can lead us out of alignment with God's provision. Drawing from scripture, I highlight the biblical perspective that encourages us to be lenders rather than borrowers, and I share insights from my Money Mandate e-course, where we explore the implications of debt in greater detail. Want to access the full Money Mandate e-course? It is available inside my KINGDOM LEADERS COMMUNITY. (click here)   00:00:00 - Welcome to Wisdom's Table Introduction to the podcast and its purpose. 00:00:25 - Podcast Refresh and Growth Discussion about new podcast art and the desire to grow the podcast's reach. 00:01:07 - The Dirty Word: Debt Introduction to the topic of debt and its implications in the Christian life. 00:01:38 - Understanding Debt in the Bible Exploration of what the Bible says about debt and its different forms. 00:02:52 - Comfort with Debt How family money stories influence our comfort level with debt. 00:04:27 - The Why Behind Borrowing Emphasis on understanding the reasons for borrowing rather than just the act itself. 00:05:48 - Good Debt vs. Bad Debt Explanation of the differences between beneficial and harmful types of debt. 00:07:57 - The Cost of Debt Importance of understanding what debt is costing you beyond monthly payments. 00:08:18 - Breaking the Cycle of Debt Discussion on the need for more than budgeting to get out of debt. 00:09:41 - The Burden of Student Debt A rant on the challenges posed by student loans in America. 00:10:52 - Codependency on Debt Exploration of how some individuals become reliant on debt. 00:12:10 - Partnering with God to Pay Off Debt Encouragement to seek God's guidance in managing and paying off debt. 00:13:45 - Steps to Pay Off Debt Introduction to practical steps for addressing debt. 00:14:06 - Step 1: Understand Your Debt Costs The first step in managing debt is to know its true cost. 00:14:59 - Step 2: Repent if Necessary The importance of repentance in the context of debt. 00:15:51 - Step 3: Align with God's System Deciding how to align your financial practices with God's principles. 00:16:32 - Step 4: Present Your Plan to the Lord Encouragement to bring your financial plans and debts to God. 00:18:06 - Step 5: Obey God's Guidance The necessity of following through on God's instructions regarding debt. 00:19:23 - Personal Story of Debt Rachel shares a personal experience related to credit card debt. 00:22:05 - Conclusion and Next Episode Preview Wrap-up of the episode and a teaser for the next topic on investing. 00:23:28 - Join the Kingdom Leaders Community Invitation to join the community for support in breaking free from debt.

Are we falling for the biggest money traps of our generation? And what are the money habits that actually build millions? Raoul Pal, Jaspreet Singh, and Humphrey Yang reveal the truth about renting vs buying, escaping credit card debt, mastering passive income, and investing with $0! This personal finance roundtable brings 3 leading finance experts to discuss building wealth and planning for your financial future. Jaspreet Singh is an entrepreneur and founder of Minority Mindset, Raoul Pal is a former hedge fund manager and CEO of Real Vision, and Humphrey Yang is a personal finance creator and former financial advisor at Merrill Lynch. They discuss:  ◼️Why saving money won't make you rich, and what to do instead ◼️The single best skill to escape being broke in 2025 ◼️ Why renting is smarter than buying (even if you can afford to buy) ◼️ The tiny money habit that quietly builds millions over time ◼️ Why most people under 45 won't get a pension (and what to do instead) ◼️The truth about crypto, AI and why the financial system doesn't want you prepared (00:00) Intro(02:24) How Do I Make More Money?(05:13) Pointless Jobs That Actually Made You the Most Money(06:53) How to Visualize Your Finances(07:44) Social Pressure With Money(09:37) The Simple Money Tracking Hack(13:32) Best Form of Investing: Active or Passive?(18:34) More People Joining Crypto(21:07) Bitcoin Is Too Speculative(28:31) Stocks vs Crypto(34:01) How Would You Invest $1,000?(42:13) The S&P 500 vs the Nasdaq-100(44:14) Dollar-Cost Averaging(47:12) Remove Emotion From Financial Decisions(48:08) Should We Be Putting Everything Into Crypto?(49:36) If Crypto Isn't the Future, What Takes Its Place?(54:26) Sponsored Segment(56:24) What to Do When You're in Debt(59:43) Bankruptcy: When Should Someone Consider It?(01:02:13) What If You Don't Want to File for Bankruptcy?(01:03:55) The Myth of Passive Income(01:05:51) How Well Can You Actually Do From Property Investments?(01:10:35) Should You Buy Rental Properties for Passive Income?(01:11:21) More People Are Renting in the US Over Buying(01:13:33) Is Property a Good Way to Build Wealth?(01:19:30) Is There Any Such Thing as Good Debt?(01:20:30) Leveraging Your Current Assets(01:26:01) Pensions and 401(k) Retirement Plans(01:41:37) Framework for Making More Money Easily(01:47:53) Keeping Your Money in a Bank Is Making You Poorer(01:51:58) What Do Rich People Know That Most Others Don't?(01:54:41) Relationships Make Money(01:59:44) How Much Do Geographies Matter When Making Money?(02:02:30) Is the UK a Good Place to Build Wealth?(02:05:49) Closing Statements Follow Jaspreet: X: http://bit.ly/3HSFdO3  ‘Market Briefs' newsletter:: http://bit.ly/4mWeqzr YouTube: http://bit.ly/46hbTbU  Follow Raoul: X: http://bit.ly/466Fe8Q  Website here: http://bit.ly/4m6Rexb  You can download Raoul Pal's 5-Year Roadmap for free here: http://bit.ly/3JQok7g  You can purchase ‘The Everything Code', here: https://amzn.to/48cJ2bk  Follow Humphrey: Youtube: http://bit.ly/3KgmkoJ  Instagram: http://bit.ly/4gs6kMI  Website- Humphreysguide.com The Diary Of A CEO: ⬛ Join DOAC circle here - https://doaccircle.com/  ⬛ Buy The Diary Of A CEO book here - https://smarturl.it/DOACbook  ⬛ The 1% Diary is back - limited time only: https://bit.ly/3YFbJbt  ⬛ The Diary Of A CEO Conversation Cards (Second Edition): https://g2ul0.app.link/f31dsUttKKb  ⬛ Get email updates - https://bit.ly/diary-of-a-ceo-yt  ⬛ Follow Steven - https://g2ul0.app.link/gnGqL4IsKKb  Sponsors:Linkedin Jobs - https://www.linkedin.com/doac Vivobarefoot - https://www.vivobarefoot.com/ Bon Charge - http://boncharge.com/diary?rfsn=8189247.228c0cb with code DIARY for 25% off Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Warren Ingram and Pieter De Villiers discuss the critical topic of debt, particularly for young adults in their 20s and 30s. They explore the different types of debt, emphasizing the importance of understanding good debt versus bad debt, and the societal pressures that often lead to poor financial decisions. They cover practical advice on managing car loans, the dangers of emotional spending, and the necessity of making informed financial choices. TakeawaysDebt can derail your financial future if not managed properly.Not all debt is bad; understanding the types is crucial.Car loans should be manageable and not exceed 10-15% of your income.Avoid emotional spending; have a trusted advisor for big purchases.Renting in your 20s can be a smart financial decision.Take time to research before making significant purchases.Avoid balloon payments on car loans; they can trap you in debt.A good credit score is not about how much debt you have.Use the snowball method to pay off debts effectively.Be cautious of societal pressures to buy a home or new car.Learn more about Prescient Investment Management here.Send us a textHave a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod

the concept of "good debt" with a focus on real estate investments, challenging Dave Ramsey's traditional debt-avoidance approach. We debate that strategic debt can be a powerful tool for building wealth, using examples of Section 8 housing investments that generate positive cash flow. They demonstrate how purchasing properties with debt can lead to quick return on investment, with one example showing a $20,000 investment potentially returning money in just 2.7 years. The conversation emphasizes the importance of careful financial planning, understanding leverage, and making mathematically sound investment decisions.0:00:00 Opening remarks about summer being over0:01:51 Discussion of summer financial dynamics0:07:24 Introduction of podcast topics0:11:26 Explanation of good debt using real estate example0:20:10 Credit card discussion0:28:25 Rent vs. buy analysis0:36:28 Detailed mortgage calculation breakdownYouTube and Socialshttps://mtr.bio/sorry-were-closed-Pod

Long-term financial growth can be supported by good debt, while bad debt typically carries high costs and offers limited financial benefits.Today's Stocks & Topics: FPI - Farmland Partners Inc. (NYS), DASH - DoorDash Inc. (NAS), OPRA - Opera Ltd. ADR (NAS), CASY - Casey's General Stores Inc. (NAS), questions from our YouTube channel viewers: CAL - Caleres Inc. (NYS), and NUCL vs URNG - ; plus Justin's market wrap, and Justin's talking points: 'Bank Performance'-- mega vs regional, and 'What Is Dutch Disease?'-- The U.S. exports dollars and takes on debt... (Justin explains)Our Sponsors:* Check out Avocado Green Mattress: https://avocadogreenmattress.com* Check out Ka'Chava and use my code INVEST for a great deal: https://www.kachava.com* Check out Mint Mobile: https://mintmobile.com/INVESTTALK* Check out Progressive: https://www.progressive.comAdvertising Inquiries: https://redcircle.com/brands

Click Here for the Show Notes Are you ready to take your real estate game to the next level? Whether you're just starting out or looking to sharpen your strategy, this week's episode is packed with insights that could reshape your investment journey. We'll break down what separates great investors from the rest—covering the importance of continuous education, setting actionable financial goals, choosing the right markets, and making smart, cash-flow-driven decisions. You'll also hear why diversification, professional property management, and leveraging capital can be game-changers for long-term success. Most importantly, we'll talk about how to stay in control of your investments and avoid the common traps that lead so many down the wrong path.

Click Here for the Show Notes Remember clutching your Monopoly cash, terrified to land on someone else's property? Turns out, that's how most people treat money in real life—hoarding cash instead of using it to build wealth. In this episode, guest host Melissa Nash reveals the critical lesson Monopoly doesn't teach: the difference between good debt and bad debt. While bad debt (credit cards, car loans) takes money out of your pocket, good debt (like mortgages on income-producing properties) puts money in—month after month.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3151: Stephen Popick unpacks the often-misunderstood concept of the time value of money, showing why recurring expenses like cable TV aren't as costly in today's dollars as they appear over decades. By factoring in inflation, investment returns, and personal opportunity costs, he makes a compelling case for thoughtful financial planning that balances present needs with future goals. Read along with the original article(s) here: https://www.getrichslowly.org/the-time-value-of-money-or-why-25-years-of-cable-tv-doesnt-cost-as-much-as-you-think/ Quotes to ponder: "The time value of money is a complex term for a simple concept: Any given amount of money is worth more today than the same amount in the future." "Your personal time value of money is very tough to measure on a personal level." "Would I rather have $30,000 today or cable television for the next 25 years? There's no one right answer." Episode references: Good Debt, Bad Debt: https://www.amazon.com/Good-Debt-Bad-Invest-Smarter/dp/1591840260 The Automatic Millionaire: https://www.amazon.com/Automatic-Millionaire-Powerful-Immediately/dp/0767923820 Learn more about your ad choices. Visit megaphone.fm/adchoices

Good Debt Bad Debt: How to Borrow Strategically in Business. Show Notes Page: https://www.thehowofbusiness.com/566-good-debt-bad-debt/ In this episode of The How of Business, host Henry Lopez reframes how small business owners think about debt. While consumer debt is often harmful and emotionally charged, Henry makes the case that strategic borrowing, or good debt, can be an essential growth tool for entrepreneurs. Henry walks through key differences between personal and business debt, outlines how to identify smart uses of debt (like funding revenue-generating assets or covering working capital gaps), and warns against the dangers of relying on debt to prop up an unprofitable business model. Also learn about core financial concepts including leverage ratios, opportunity cost, and the time value of money, and how to apply them when making borrowing decisions. Henry shares practical tips, such as using low-interest loans over high-interest credit cards, keeping operating reserves, and not rushing to pay off good debt early if it's working for you. This episode is hosted by Henry Lopez. The How of Business podcast focuses on helping you start, run, grow and exit your small business. The How of Business is a top-rated podcast for small business owners and entrepreneurs. Find the best podcast, small business coaching, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com

Allie and Quint talk about what is good debt and what is bad debt.