Understanding Good & Bad Debt.

Episode 225 of the The Way Out podcast, hosted by Andrew Logan, titled "Understanding Good & Bad Debt." was published on June 5, 2023 and runs 15 minutes.

June 5, 2023 ·15m · The Way Out

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Summary

'You have to spend money to make money'... 'Investment debt is good debt'... 'It's OK to lose money because you save tax'... All of these are popular phrases. And all of them will send you broke. Because there's no such things as Good Debt and Bad Debt, only Income Producing Debt and Income Stealing Debt.

Episode Description

'You have to spend money to make money'...

'Investment debt is good debt'...

'It's OK to lose money because you save tax'...

All of these are popular phrases.
And all of them will send you broke.

Because there's no such things as Good Debt and Bad Debt, only Income Producing Debt and Income Stealing Debt.

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