Flipping the Script on Debt and Financial Management
When most people think about debt, they think about it as something to avoid at all costs. It’s the big financial monster looming over your shoulder, generating worry and fear that keep you up at night.
That might be true if you are overwhelmed by bad debt (Ex: student loans, high interest credit cards, etc.), but that doesn’t have to be the case with ALL types of debt.
In this episode, we talk about how you can manage — and even add to! — your debt in ways that can actually improve your financial situation. If you take a logical and responsible approach, debt doesn’t have to be the monster that the mainstream media makes it out to be.
You’ll learn how to:
Tackle your debt problem by increasing revenue, not living like a pauper
Leverage short-term debt to generate additional income that can pay down existing debt AND continue to pay you indefinitely
Plan for managing your debt if you are looking to retire or expect a pink slip from your employer
Negotiate better terms on your current debt or ask your debt holder to write it off entirely
References and Resources:
The Empire Flippers Retreat (2018)
The No Nest Egg Retirement Plan
Most American Families Living Paycheck to Paycheck
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