In this eye-opening clip from The Iced Coffee Hour podcast, financial expert and author of Rich Dad Poor Dad, Robert Kiyosaki, reveals a fundamental difference between how the wealthy and the average person view and use debt.

Kiyosaki argues that not all debt is bad. He explains the crucial distinction between “good debt” (which puts money in your pocket, like real estate mortgages) and “bad debt” (which takes money out, like credit card balances). Discover why the rich leverage debt as a tool for accelerated wealth creation and how you can adopt this mindset to secure your own financial future.

Discover how the billionaires use debt to get richer in an easy-to-understand way! Learn the secrets of turning debt into money-makers, smart investing, and how the rich avoid paying taxes. Simple language and real-life examples, including Elon Musk’s strategy will make you 100% understand this complex concept. Debt isn’t always bad, and let’s find out why! Subscribe for more financial tips and tricks!

Chapter:
0:00 Introduction
0:12 Basic of Debt
0:49 Basic Concept of Using Debt to Get Richer
1:46 Example 1: Real Estate
2:35 Example 2: Investment
3:07 Example 3: Buy, Borrow, Die
4:22 Example 4: Leveraged Buyout
4:56 Reasons Why Taking Debt & Risks
5:29 Real Life Example: Elon Musk Case

#debt #debttoincome #investing #stocks #finance #billionaire

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Debt can either be your greatest tool or your biggest burden. In this video, we break down the difference between good debt and bad debt, how to use good debt to build wealth, and practical strategies for eliminating bad debt. If you’re ready to transform your financial life and make debt work FOR you, this video is a must-watch!

What You’ll Learn:
• The key differences between good and bad debt.
• How to leverage good debt for wealth-building opportunities.
• Proven steps to eliminate bad debt and reclaim financial freedom.

Let’s get you on the path to a wealthier future—starting today!”

Resources Mentioned:
1. www.pinnaclecreditrepair.com
2. www.pinnaclecreditcourse.com
3. https://calendly.com/pinnaclecreditmanagement/consultation-with-andre

#GoodDebt #BadDebt #DebtFreeJourney #FinancialFreedom #WealthBuilding #pinnaclecreditrepair

This is a hard pill to swallow for many of us, who see debt as a burden, an excavator is a burden if it’s parked in your front yard, but it’s also a powerful tool, capable of building real value, and debt is a tool too, when used correctly financial leverage creates wealth.

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#investing #Stockmarket #money

What is considered as good debt? Is buying clothes with a clothing account a good debt?

The covid-19 pandemic led to a lot of job losses and many people failed to pay off their debt, that drew a lot of attention to the topic of debt and whether it was really beneficial to ones livelihood.

Debt can negatively impact your credit score and this can ruin your chances of qualifying for any credit going forward but at the same time if used well, can help you to buy assets that will increase your source of income.

I hope that you will enjoy this episode, please do not forget to like, comment and subscribe !!

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GOODBYE DEBT—HELLO FREEDOM!
 
Most of us grew up with the idea that there is good debt and there is bad debt.   Good debts are generally considered to be debts you incur to buy things that can go up in value—like a home or college education.  Bad debts are things like credit card balances, where you borrowed money to buy things that depreciate or go down in value, like most consumer goods.

But as America’s favorite financial coach, David Bach, points out, in difficult times there is no such thing as good debt.  There is only debt.  And all debt is too expensive—if what you desire is FREEDOM!  In fact, Bach believes the best investment you can make today is to pay down your debt, faster and smarter than you have ever attempted before—starting today!

In Debt Free for Life, #1 New York Times bestselling author David Bach has written his most groundbreaking and important book since The Automatic Millionaire, giving us the knowledge, the tools, and the mindset we need to get out of debt and achieve financial freedom— forever!  Offering a revolutionary approach to personal finance that teaches you how to pay down your debt and adopt a whole new way of living – debt free. Bach unveils the Debt Wise program that empowers you to pare down your debt automatically.  You’ll learn how to calculate your Debt Freedom Day – the actual date you will be completely free of debt.  And you’ll discover that when you are debt free, you need a lot less money to live on. You can retire, even with a smaller nest egg — perhaps earlier than you expected.

David Bach has coached millions to pay off their debt and now he can guide you.  Whether you have home loans, student loans, car loans, credit card debt—paying down your debt is truly a game you can win, if you know the rules.  Debt Free For Life will teach you the rules and give you the tools to buy back your freedom.

Product Features

• Used Book in Good Condition

No Matter Where You Start, David Bach Can Help You Live and Finish Rich

With his national bestsellers Smart Women Finish Rich and Smart Couples Finish Rich, renowned financial advisor and educator David Bach has taught millions of people of all ages and incomes how to take control of their financial future. His message, that the key to building wealth is “values first, stuff second,” has inspired people all over the world. Now, The Finish Rich Workbook gives couples and singles alike a new opportunity to tailor his advice for their individual circumstances. Combining the down-to-earth, jargon-free approach that has made him so popular with the hands-on practicality of a workbook, this new addition to the Finish Rich series is like having a one-on-one session with David Bach. You will learn how to:

• Use the power of the Latte Factor™, David Bach’s international recognized approach to building wealth on a few dollars a day.

• Apply the Debt Free SolutionTM, a powerful way to reduce debt quickly and repair your credit in the process.

• Organize your financial life in minutes with the FinishRich Inventory Planner™ and File Folder system, including a pull-out summary of where you stand financially.

• Craft a personalized FinishRich QuickStart™ plan–a to-do list for today, this month, and this year, so you can get started right away.

• Find the perfect financial advisor by using the FinishRich Advisor Questionaire™ to find, interview, screen, and score an advisor before you hire them.

Whether you’re working with a few dollars a week or quite a bit more, Bach’s nine-step program will help you put the Finish Rich wisdom right to work for you.

In difficult times, debt can be a matter of life and death, happiness and despair. Controlling debt can bring order and calm. Mastering debt can bring wealth and success. As bestselling Rich Dad Poor Dad author Robert Kiyosaki says, “Good debt makes you rich and bad debt makes you poor.”

The ABCs of Getting Out of Debt provides the necessary knowledge to navigate through a very challenging credit environment. A Rich Dad Advisor and best selling author of numerous business books, Garrett Sutton, Esq. and contributorGerri Detweiler, clearly speak on the key strategies listeners must follow to get out of debt. From there, the listener learns how to beat the lenders at their own game, and how to understand and repair your own credits. Using real life illustrative stories, Sutton shares how to deal with debt collectors, avoid credit scams, and win with good credit.

The times call for a book that offers hope and education on mastering credit and getting out of debt.