#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 debtThe simple rule of thumb to know whether debt will be painful or usefulWhy 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 notesPrivate podcast communityClick here to get to know us better, debrief episodes and access our top 100 resources. Click here for FREE insiders trainingFollow us on Instagram The NEW Money MentorshipLearn more about the Home Equity Accelerator here Turn insights into action with Terry's episode coach Join our podcast communityGet 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/4609737389252111Find out your financial skill scoreDo you have the money skills to fund your goals? Take the 4 minute quiz here🔗 https://financialskill.scoreapp.com/