Mark Parrett and Steven Manuel describe one of the most important skills anybody can master when it comes to financial acumen: the ability to deal with debt. First of all, what does the Bible say? Is it legal for Bible people to borrow (or lend) with interest? Then: is getting out of all debt ASAP always the best policy? Might there be GOOD debt as well as BAD debt? And what does LEVERAGE really mean? Also: what about that time the fellas went out to Las Vegas to watch some hoops?
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This Week's Episode Rundown:
1:45 basketball in Vegas
9:15 Series summary
10:50 Leverage
12:30 What does the Bible say about debt?
27:15 How do you handle debt wisely?
31:45 How people think wrongly about mortgages
37:15 A simple leverage example (that produces 350K in profit!)
42:45 Thoughts on buying a car
50:15 Sam the Shopper: A Short Story (about bad debt)
52:45 Twitter account recommendations
59:48 Final thought from Steven- don’t give up!