Avoiding and Eliminating Financial Debt
Avoiding and Eliminating Financial Debt
3 months ago
churchofjesuschrist.org
Avoiding debt isn’t what keeps people wealthy, using it the right way does. Most people are taught to stay away from debt. But the wealthy use strategic debt to buy income-producing assets, not liabilities. Example, instead of saving forever, they let the bank fund 95 percent of a rental property, put down 5 percent, and let the rent cover the payment. Now the tenant is paying off the asset while it grows in value. The goal isn’t to be debt-free. The goal is to be debt-smart. | William Gomez
0:29
Avoiding debt isn’t what keeps people wealthy, using it the right way does. Most people are taught to stay away from debt. But the wealthy use strategic debt to buy income-producing assets, not liabilities. Example, instead of saving forever, they let the bank fund 95 percent of a rental property, put down 5 percent, and let the rent cover the payment. Now the tenant is paying off the asset while it grows in value. The goal isn’t to be debt-free. The goal is to be debt-smart. | William Gomez
1.3K views5 months ago
FacebookWilliam Gomez
Debt: What It Is, How It Works, Types, and Ways to Pay Back
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christianstewardshipnetwork.com
Imagine your life debt-free & cash in the bank for emergencies! 🤯 Here's how to get yourself out of debt fast and for good in 2023! 1️⃣ DECIDE to destroy your debt. It all starts with you. It'll be hard work, but you can do it! 2️⃣ Get on a BUDGET-and stick to it. If you don't tell your money where to go, you'll be wondering where it went. 3️⃣ Make some SACRIFICES. Cut back on areas like entertainment and restaurants now, so you can get rid of your debt (and those interest payments) ASAP! 4️⃣ U
0:13
Imagine your life debt-free & cash in the bank for emergencies! 🤯 Here's how to get yourself out of debt fast and for good in 2023! 1️⃣ DECIDE to destroy your debt. It all starts with you. It'll be hard work, but you can do it! 2️⃣ Get on a BUDGET-and stick to it. If you don't tell your money where to go, you'll be wondering where it went. 3️⃣ Make some SACRIFICES. Cut back on areas like entertainment and restaurants now, so you can get rid of your debt (and those interest payments) ASAP! 4️⃣ U
280.2K viewsDec 28, 2022
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What if avoiding debt is actually costing your business long-term wealth? The wealthy think differently about debt, and here’s why you should too. Watch my YouTube video where I explore the difference between good debt and bad debt, and how the wealthy use debt as a wealth-building tool. Link in bio. #SmallBusiness #StrategicDebt #WealthBuilding
1:03
What if avoiding debt is actually costing your business long-term wealth? The wealthy think differently about debt, and here’s why you should too. Watch my YouTube video where I explore the difference between good debt and bad debt, and how the wealthy use debt as a wealth-building tool. Link in bio. #SmallBusiness #StrategicDebt #WealthBuilding
570 views2 months ago
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