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BetterWealth with Caleb Guilliams
STOP BEING AFRAID OF DEBT | Learn How To Use Debt The CORRECT Way!
Oct 26, 2023
This podcast discusses the correct way to use debt to achieve financial goals. It covers topics such as understanding debt, evaluating purchasing decisions, and managing good and bad debt.
24:56
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Quick takeaways
- Critically evaluating purchases based on necessity and alignment with values can lead to more informed and efficient decision-making.
- Analyzing the impact of debt on net worth and cash flow, considering earning potential and risk management, is crucial for financial well-being.
Deep dives
The Importance of Evaluating Purchases
The podcast explores the idea that the real issue behind debt is not the debt itself, but rather the purchasing decisions and acquisitions people make. It emphasizes the importance of critically evaluating whether a purchase is necessary and aligned with one's values and intentional living. The host provides three key questions to consider: Why are you buying this? How does this purchase affect your current and future cash flow and net worth? And what are the pros and cons of the decision? By answering these questions, individuals can make more informed and efficient purchasing choices.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode