#24 How to use debt to build your wealth (and avoid financial suicide)

Ask us a question or suggest a topic 🤙

Debt is a pretty polarising concept. Some people love it, and it lures them into a lifestyle they can't afford. Others use it to accelerate their wealth. Others still avoid all forms of debt like the plague. In this episode, Ryan and Terry explore the various properties of debt and how the concept of debt interacts with our psychology and our circumstances.

Also in this episode:

• The two different types of debt
• The simple rule of thumb to know whether debt will be painful or useful
• Why and how debt can be a magnifier in the short term, but an accelerator in the long term.
• The debt quadrant: a simple tool for making informed decisions about debt.
• The four principles of proper lending: how to avoid financial suicide.

Click here for  Show notes

Private podcast community
Click here to get to know us better, debrief episodes and access our top 100 resources.

Click here for FREE insiders training

Follow us on Instagram

Turn insights into action with Terry's episode coach

FREE Training | How to Unlock Exponential Achievement
Why do some people break through money blocks and live life on their own terms, while most stay stuck in struggle and stress?
Watch the first module of the money mentorship to find out.

Join the live weekly workshop with Terry
Discover the proven 3 part process we use in the Money Mentorship to help our members turn bold ambitions into fully-funded, real-life outcomes.
To save your spot, click here

Join our podcast community
Get live updates, talk shop with us and meet like minded legends in our digital treehouse. Click here to get access now.
🔗 https://www.facebook.com/groups/4609737389252111

Find out your financial skill score
Do you have the money skills to fund your goals? Take the 4 minute quiz here
🔗 https://financ...