2min chapter

Cheques and Balances cover image

Habits Of Wealthy People | Episode 118

Cheques and Balances

CHAPTER

How to Manage Your Debt

Money is not complicated. It's a very easy thing to manage when you get it right. But that consumer debt, those high interest rate loans, the personal loans, the credit cards, the car loan, honestly, one more person comes at me this week with a car loan, I'm giving up. Using debt, using the power of leverage to grow the asset that you're investing in, to grow your returns over the long run, beautiful,. Not having three credit cards, we are making just the interest repayment on all of them, I don't love it. The other bit is around with this habit, is paying yourself first. That is what you should be managing.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode