Welcome to another episode of My Happy Money Journey with Phoebe Blamey! This week, we're lifting the veil on debt and looking at it in a totally new light. Forget the stories of brown rice and Vegemite as you pay off your mortgage—it's time to rethink the "debt is bad" narrative and use it as a tool for building wealth. 🏡💡
In this episode, Phoebe dives into:
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The Real Cost of Debt: Understanding the difference between good and bad debt
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Using Debt to Build Wealth: How leveraging debt for assets and investments can work for you
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Impulse vs Strategy: Why focusing on long-term wealth creation is better than reacting to short-term desires
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Home Loans & Car Loans: How strategic debt can create freedom and peace of mind
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Smart Money Moves: The benefits of investing, leveraging property, and using debt as part of your wealth-building strategy
Phoebe also shares real-life examples of how using debt wisely can change your financial outlook, and why it's crucial to focus on strategic debt over knee-jerk reactions like impulse buying.
So, let's stop feeling guilty about having debt and start thinking about how to use it to level up in life.
Resources Mentioned:
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The Motley Fool article
Previous episodes on getting debt-free without losing joy, and shifting your mindset around debt#money #moneymindset #debtfree #womenandmoney #wealth #wealthcreation #makemoremoney
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