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Using Debt to Build Wealth with Tom Anderson #637

How to Money

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Is There a Mathematical False Strategy for Building Assets Early in Your Life?

If you take on too much debt early at too high of a cost, and then you spend all your time paying that down, the math doesn't work. The alternate strategy is to build up assets early in your life, invest. This is not about taking the money that would have gone to pay down debt and going to Disneyland or going boating like we were talking about in the beginning. But if you start saving and building up your investments early, you have more money growing for you for a longer period of time.

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