How do rich people use debt to build wealth while everyone else drowns in it? In this personal finance breakdown, we run the real math on the six debt mechanisms billionaires, business owners, and investing pros actually use — and the one number that separates winners from losers on every single loan.Two people can take the exact same loan, at the exact same interest rate, on the exact same day. One ends up buried. The other ends up richer than when they started. Same debt. Opposite result. The difference is one number — and once you see it, every “rich people trick” becomes the same equation with different inputs.We walk through all six mechanisms: trade credit and the inventory float, the real estate cash-out refinance, the billionaire “Buy, Borrow, Die” tax strategy, securities-backed lines of credit (and the margin-call risk underneath them), 0% balance transfer arbitrage, and the credit score lever that makes every future loan cheaper for the rest of your life.Some of these are billionaire-only. Some you can run today with the money you already have. We’re honest about which is which — no hype, no courses, just the math. This is money management the way the wealthy actually think about it, not the way personal finance gurus tell you to.??

TIMESTAMPS:
00:00 The One Number That Changes Everything
00:35 Debt Is Just Rented Money: The Spread Equation
02:10 Mechanism 1: Trade Credit & The Inventory Float
03:55 Mechanism 2: Real Estate Cash-Out Refinance
06:20 Mechanism 3: Buy, Borrow, Die — The Billionaire Tax Trick
09:00 Mechanism 4: Margin Loans & The Dark Side of Leverage
11:00 Mechanism 5: 0% Balance Transfer Arbitrage
12:30 Mechanism 6: Your Credit Score Is The Number
13:30 How To Run The One Number On Your Own Life
15:00 Final Takeaway

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Disclaimer: This content is for entertainment and educational/informational purposes only and is not financial, medical, or psychological advice.

Interview recorded – 17th of June, 2026

On this episode of the WTFinance podcast I had the pleasure of welcoming back Rick Rule. Rick Rule is one of the most respected resource investors of the past forty years, and the former President and CEO of Sprott US Holdings.

During our conversation we spoke about the economic resilience, ceasefire, the potential for a 10 year natural resources super cycle, FED more hawkish, energy and more. I hope you enjoy!

0:00 – Introduction
1:46 – Surprise of economic resilience
4:57 – Demand destruction
6:10 – Refilling strategic reserves
7:15 – Precious metals risk off
9:32 – FED more hawkish
11:10 – Energy bullish
17:58 – Energy services
18:40 – Regions to benefit?
21:33 – Gold & Silver
23:20 – Miners
28:44 – Under loved commodities
30:10 – One message to takeaway?

Rick began his career 47 years ago in 1974 in the securities business and has been involved in it ever since. He is known for his expertise in many resource sectors, including agriculture, alternative energy, forestry, oil and gas, mining, and water. In 1990, Rick founded the business now known as Sprott US Holdings” merging in into Sprott Inc. ( SII) in 2011. He retired from Sprott Inc., in 2021, and resigned from the board of directors in 2023, but remains Sprott’s largest shareholder. IMr. Rule is a sought-after speaker at industry conferences, and a frequent contributor to numerous media outlets including CNBC, Fox Business News and BNN. Mr. Rule is actively engaged in private placement markets, through originating and participating in hundreds of debt and equity transactions.

Rick Rule –

Twitter – https://twitter.com/RealRickRule
LinkedIn – https://www.linkedin.com/in/rick-rule-1058921a/
Website – https://ruleinvestmentmedia.com/
Seminar – https://cvent.me/XOqdLa?via=WTFInance

WTFinance –

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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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Subscribe to my channel here: https://www.youtube.com/@MyronGolden

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B.O.S.S Moves
https://www.bossmovesbook.com/

From The Trash Man to The Cash Man
https://www.trashmantocashman.com/

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https://amzn.to/43l41mq

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The Poverty Programming Trap
https://youtu.be/pJJLTg8Ru74

Why God’s People Are Broke! Wake Up People…
https://youtube.com/live/yhLIFlNeMbI

It’s Time To Put Your Faith To Work
https://youtu.be/4LKZk1VAqio

Don’t Let Your Distractions Destroy Your Destiny!
https://youtube.com/live/yEr29316lws

A Simple Formula To Make MILLIONS
https://youtu.be/nLlf6hg4H0Q

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.

??The Get Rich Education Podcast:
? https://plnk.to/get-rich-education

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? iOS: http://bit.ly/iOSAppGRE
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? “Real Estate Pays 5 Ways” Course:
https://bit.ly/RealEstatePays5Ways

?? Convenient Free Financial Education:
Don’t Quit Your Daydream Newsletter:
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? 80-Page Life-Changing Ebook:
7 Money Myths That Are Killing Your Wealth Potential:
https://bit.ly/7MoneyMyths

? Check us out on LinkedIn, Instagram, Twitter, Facebook, and https://www.GetRichEducation.com

This is not investment advice. This is Financial Education.
Disclaimer: https://bit.ly/3eoXgsn

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MUST WATCH VIDEOS:
? How To Start Investing: https://bit.ly/2S9Ww2D
? 5 Steps To Get Out of Poverty: https://bit.ly/3eKCTGd
? How The Cycle of Poverty Keeps people poor: https://bit.ly/3gVyaUL
? Do NOT Make These 5 Investing Mistakes: https://bit.ly/3ucBgaM

#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 !!

Meet the team:
Shot and edited- EasyShots & Straightcap Media
Management- Manana Molokomme (Manana.Molokomme@icloud.com

My Social Media:
Facebook – https://www.facebook.com/I.k.oCollections/
Twitter – twitter.com/tinyikongobenii?s=11
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New videos every second week to help you to sharpen your financial literacy. Feel free to leave a comment about your personal financial journey.

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