Habits Of Wealthy People | Episode 118
Cheques and Balances
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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.
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