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How To Handle Debt | Episode 453

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Manage episode 397047150 series 1082285
Contenuto fornito da Jesse McFie and Wealth Talks Podcast. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Jesse McFie and Wealth Talks Podcast o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

There are two kinds of debt, good debt and bad debt. Good debt is debt that gives you a financial advantage; tax benefits, better cash flow and the ability to take advantage of opportunity. Bad debt is debt that costs you opportunity, causes stressful cash flow issues and cripples you financially. In this episode we talk about how to payoff bad debt and how to use good debt to your advantage.

4:19 How to tell if a debt is good or bad 12:38 Snowball Method explained 14:00 The Avalanche Method 16:59 How to set up your finances 19:34 The largest amount of debt John has seen 27:34 Should student loans be paid off? 30:21 Is a mortgage a good debt?

Resources: Life insurance policy sales and review McFieInsurance.com Contact: Team@McfieInsurance.com | 702-660-7000

Follow along: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074

Watch on: YouTube: https://youtu.be/vYrX3XA-DWk

  continue reading

496 episodi

Artwork
iconCondividi
 
Manage episode 397047150 series 1082285
Contenuto fornito da Jesse McFie and Wealth Talks Podcast. Tutti i contenuti dei podcast, inclusi episodi, grafica e descrizioni dei podcast, vengono caricati e forniti direttamente da Jesse McFie and Wealth Talks Podcast o dal partner della piattaforma podcast. Se ritieni che qualcuno stia utilizzando la tua opera protetta da copyright senza la tua autorizzazione, puoi seguire la procedura descritta qui https://it.player.fm/legal.

There are two kinds of debt, good debt and bad debt. Good debt is debt that gives you a financial advantage; tax benefits, better cash flow and the ability to take advantage of opportunity. Bad debt is debt that costs you opportunity, causes stressful cash flow issues and cripples you financially. In this episode we talk about how to payoff bad debt and how to use good debt to your advantage.

4:19 How to tell if a debt is good or bad 12:38 Snowball Method explained 14:00 The Avalanche Method 16:59 How to set up your finances 19:34 The largest amount of debt John has seen 27:34 Should student loans be paid off? 30:21 Is a mortgage a good debt?

Resources: Life insurance policy sales and review McFieInsurance.com Contact: Team@McfieInsurance.com | 702-660-7000

Follow along: Instagram: https://www.instagram.com/wealthtalkspodcast/?utm_source=ig_web_button_share_sheet&igshid=OGQ5ZDc2ODk2ZA== Facebook: https://www.facebook.com/profile.php?id=61554798231074

Watch on: YouTube: https://youtu.be/vYrX3XA-DWk

  continue reading

496 episodi

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