Thomas J. Anderson joins Jason to discuss the value of debt. Mr. Anderson is the Founder and CEO of Supernova Companies and author of The Value of Debt series of books. He has broken down life into four financial stages and gives his recommendations for the amount of debt a person should have at each stage to reach a balance between life span and money span. Mr. Anderson says too many people take on oppressive debt too early in life and the right amount of debt can be a powerful tool.
Key Takeaways:
[1:55] Details of the upcoming Venture Alliance Mastermind in Las Vegas and the Memphis Property Tour.
Thomas J. Anderson Guest Interview:
[5:26] All debt is not created equal.
[6:53] Companies have optimal debt ratios because they value the liquidity, the flexibility and the tax benefits of their strategic debt.
[8:43] Thomas describes the 4 stages of life and the optimal debt recommended for each.
[18:04] People need inflation, appreciation and income on assets working for them over a 30-year period of time.
[20:29] Real estate investors should learn the game of staying power.
[22:13] During economic downturns, those with more debt benefit the most.
[26:33] Debt structured the right way eliminates the need for massive returns.
Mentioned in This Episode:
Jason Hartman
Venture Alliance Mastermind
The Value of Debt
Supernova Companies
The Value of Debt: How to Manage Both Sides of a Balance Sheet to Maximize Wealth
Creating Wealth Real Estate Investing with Jason Hartman