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Intro
This chapter explores the idea of creating a passive income operating system to help individuals convert their active income into passive streams. It also addresses the 'debt dilemma' as a major hurdle on the path to financial independence.
Is debt holding you back or driving you forward? In this episode, the conversation focuses on one of the most debated topics in personal finance: debt.
The financial coaches explore the pros and cons of using debt as a financial tool. They discuss how to overcome limiting beliefs, manage debt strategically, and determine whether debt freedom equals financial freedom.
This episode will challenge your perspective on debt and help you rethink your financial strategy.
Top three things you will learn:
-Why financial freedom doesn’t always mean debt freedom
-Strategic ways to manage and prioritize debt repayment
-How debt can be a powerful tool to achieve your financial goals
Need help deciding which debts to pay off first? Grab the Priority Payoff Guide:
-https://payoffguide.wealthwithoutwallstreet.com/
Turn Active Income Into Passive Income:
-https://wealthwithoutwallstreet.com/pios
Free IBCA or Financial Freedom Discovery Calls:
-https://wealthwithoutwallstreet.com/freecall
Wealth Without Wall Street New Book:
-https://wealthwithoutwallstreet.com/newbook
IBC Webinar:
-https://wealthwithoutwallstreet.com/ibc
Join Our Next Inner Circle Live Event:
-https://www.wealthwithoutwallstreet.com/live
-Promo Code: PODCAST
Find Out How Close You Are to Financial Freedom:
-https://wealthwithoutwallstreet.com/quiz
Join the Wealth Without Wall Street Community:
-https://wealthwithoutwallstreet.com/community
Discover Your Path to Financial Freedom:
-https://wealthwithoutwallstreet.com/path
Join the Passive Income MasterMind:
-https://wealthwithoutwallstreet.com/wwws-passive-income-mastermind
The Land Geek:
How to Buy Online Businesses for Profit:
-https://wealthwithoutwallstreet.com/freedomnavigator
Create a Six-Figure Side Hustle in Peer-to-Peer Car-Sharing:
-https://wealthwithoutwallstreet.com/cars
Invest With Your Friends and Family:
-https://tribevest.com/partners/wwws
Know Your Investor DNA:
-https://wealthwithoutwallstreet.com/investordna
The Infinite Banking Concept Explained by a CFP:
-https://youtube.com/watch?v=sVuexMv6Kf4
Becoming Your Own Banker by Nelson Nash:
-https://infinitebanking.org/what-is-infinite-banking/becoming-your-own-banker/
Financial Literacy App for Kids:
Here is the List of "40 Books We Recommend" on our Amazon Store: -https://amzn.to/49UyD1d
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Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches.
-Join here: https://wealthwithoutwallstreet.com/inner-circle
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Listen to all your favourite podcasts with AI-powered features
Listen to the best highlights from the podcasts you love and dive into the full episode