E6 - The Role of Debt in your Journey to Financial Independence (F.I.)

In this episode, we discuss the importance of debt in your journey to financial independence. Specifically, we cover whether you need to buy a house, if the markets provide a solution not being able to get on the property ladder and why car loans are dangerous. Episode summary: [07:36] The bad side of financing. [11:49] Car loans are not as good as they are advertised. [15:33] The advertisements you see that offer a 'Great Deal' are not always what they seem. [16:44] How much debt is too much to have. [19:37] The Big Short film reference. [22:54] Index funds as an alternative to property investing. [26:17] How the younger generation can start their journey. [30:57] Avoid buying a house and just buy the stock market instead. Twitter: @FinancialSon Email: [email protected]