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Episode 3120:
Paula Pant challenges extreme attitudes toward debt, showing how both blind borrowing and rigid debt aversion can hurt your financial future. With a nuanced perspective, she explores how strategic debt, particularly in education, can lead to massive returns, but only if you carefully evaluate the risks, opportunities, and real-life trade-offs.
Read along with the original article(s) here: https://affordanything.com/debt-is-a-good-thing/
Quotes to ponder:
"Both attitudes will make you poor."
"It’s much easier to get in debt than it is to get out."
"Your house is a lousy investment. But a student loan has the potential to provide amazing returns."
Episode references:
Georgetown University Report on College ROI: https://cew.georgetown.edu/cew-reports/the-college-payoff/
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Optimal Finance Daily - Financial Independence and Money Advice