Money Minded #97 Debt Smart | Why Hating Debt is Hazardous to Your WEALTH
10 snips
Dec 23, 2023 Discover why and how debt is a powerful tool for putting money to work. The podcast explores the misconception of hating all debt, the benefits of using debt in building wealth, and the impact of money supply on purchasing power and savings. It also discusses money creation and the role of commercial banks, nominal vs real growth, and the climate of debt. Learn how to strategically use debt and the value of financial education.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8
Introduction
00:00 • 2min
The Misconception of Hating All Debt
01:30 • 11min
The Benefits of Using Debt in Building Wealth
12:03 • 7min
Understanding the Impact of Money Supply on Purchasing Power and Savings
19:29 • 2min
Money Creation and the Role of Commercial Banks
21:59 • 13min
Nominal vs Real Growth and the Importance of Considering Taxes
35:27 • 5min
Understanding the Climate of Debt
40:16 • 8min
Using Debt Strategically
47:52 • 6min