Debunking Debt Myths: The Power of Strategic Borrowing

Oct 11

Today we dive into the age-old debate: is all debt really bad? While it's true that debt always carries some level of risk, we challenge the notion that it's universally detrimental. We explore various scenarios where debt can be a useful financial tool and why taking out a mortgage, for example, might not be the financial bad guy it's often portrayed as.

You will learn how leveraging debt strategically can contribute to building a more substantial net worth and why reframing your perspective on good debt versus bad debt can open up opportunities that you might otherwise miss. Listen in as we unravel the complexities of debt, showcasing that it's not always a financial dead-end but a potential pathway to financial growth.

What You’ll Learn:

Why we don’t believe that debt is always bad.
What good debt versus bad debt is.
Why a mortgage is necessary sometimes.
How to weigh up the risk versus the reward.
How to use leverage as an opportunity to better yourself.

Ideas Worth Sharing:

“Debt is not always dumb, but it isn’t always good either.” - Brad Gotto
“You can use leverage to create a larger net worth.” - Matt Stahl
“If we are choosing not to further develop ourselves or our education, and we are not taking opportunities that come our way because we believe that all debt is bad, then I believe we are limiting ourselves.” - Matt Stahl