Download your free investing e-book here:https://moneyandfreedom.com/free-yourself/
In this episode of Money and Freedom, Beile discusses the relationship between debt and investment.
She emphasizes the importance of understanding different types of debt, the risks associated with using debt to invest, and provides practical strategies for overcoming debt.
The conversation highlights the significance of financial education, budgeting, and the mindset needed to build wealth after addressing debt.
Chapters
00:00 Invest or Pay Off Debt? Quick Debt Overview & Why It Matters
01:15 Reason #1 – Invest When Returns Beat Interest Rates
02:10 Reason #2 – Build Investing Experience & Compound Knowledge
03:00 Reason #3 – Motivation: Watch Your Wealth Snowball
03:30 Avoid Leverage: Why Borrowing for Stocks Can Wipe You Out
04:00 Good Debt vs Bad Debt: Mortgage, Student Loans, Business
04:30 How to Get Out of Debt Fast
08:00 Trick #1 – Spend Less Than You Earn
08:50 Trick #2 – Pay Up-Front & Ditch Credit-Card Fees
09:20 Trick #3 – Minimalist Spending: Stop Impulse Buys
10:00 Trick #4: Think in the Future
10:20 Trick #5 Your Income
12:30 Trick #6: Invest and Use Compounding for You
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Special Summer Offer: Exclusively on Apple Podcasts, try our Dateline Premium subscription completely free for one month! With Dateline Premium, you get every episode ad-free plus exclusive bonus content.
The Breakfast Club
The World's Most Dangerous Morning Show, The Breakfast Club, With DJ Envy, Jess Hilarious, And Charlamagne Tha God!
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.