"What If Everything You Learned About Debt Is Wrong"

Want to make passive income? Click here: https://bit.ly/4lBLfjI  You’ve probably been told your entire life that debt is evil something to avoid like the plague. But what if that very belief has been holding you back from creating the wealth and freedom you’ve been chasing? 

In this episode, I dig deep into the truth about debt: when it’s destructive, when it’s powerful, and how the wealthy actually use it as a tool to accelerate their financial growth.

I share my personal journey of being raised with a debt-free mentality, influenced by my dad’s Depression-era habits of paying cash for everything even cars. I talk about how my early experiences with overdrafts, credit cards, and loans shaped my financial fears, and how I eventually learned that debt is not inherently good or bad, it’s neutral. What matters is how you use it as a wise steward.

We’ll explore the critical difference between liabilities and actual debt, and why equity plays the biggest role in determining whether debt is a danger or a wealth multiplier. I explain why banks actually encourage you to pay off loans faster and push 15-year mortgages instead of 30-year mortgages not because it helps you, but because it helps them turn around and lend your money out at a profit. Understanding this secret reveals why the wealthy never think like savers or spenders they think like stewards who keep their money in motion.

I also highlight examples of wealthy individuals and companies who intentionally use debt to their advantage. Elon Musk funds his lifestyle using debt against his stock instead of income. Apple carried billions in debt while still sitting on billions in cash because it gave them financial leverage and liquidity. Even football coach Jim Harbaugh received a $2 million bonus structured as a loan to his life insurance policy, giving him powerful financial flexibility while protecting his wealth.

We’ll break down why real estate investors like Sam Primm openly embrace debt leveraging millions in loans to control even greater assets that generate cash flow and equity growth. I’ll show you why avoiding debt blindly, as Dave Ramsey preaches, is a strategy born out of trauma and scarcity, not wisdom.

If you’ve ever wondered whether you should aggressively pay off your mortgage, avoid credit cards, or fear using debt in your investments this episode is for you. I’ll give you a framework to decide, based on stewardship, liquidity, and profitability, whether debt is a curse or the very thing that could help you become financially free faster.

The bottom line? 

Don’t fear debt, but do respect it. In the right hands, it’s one of the most powerful wealth-building tools available. In the wrong hands, it’s destructive. Listen in, and I’ll teach you how to think like the wealthy, stop living in fear, and start using money in ways that create abundance, freedom, and lasting ripple effects for generations.