E119: How to Make the Choice: Buy More Assets or Pay Off Debt?
Dollars and Nonsense · Living Wealth
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Show Notes
In this episode, we discuss the age-old personal finance question, "Should I buy more assets, or should I pay off debt?" Navigating and answering this question is especially vital within the Infinite Banking system.
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Topics Discussed:
- The advantages and disadvantages of paying everything off
- The advantages and disadvantages of paying focusing on acquiring assets over debt
- Considering financial strategies relative to your stage in life
- The strategy IBC employs and why
- What it means to become your own banker
- Utilizing strong dollars today and paying for things with weaker dollars tomorrow
- Making money do more than one job at a time
- When paying off debt actually becomes counter-productive to your financial growth
Episode Resources:
* Gain access to our Beginner's Course now FREE to listeners of the podcast here now https://livingwealth.com/beatinflation/
* What is Infinite Banking? We make it simple in this article https://livingwealth.com/infinite-banking/
* Who was Nelson Nash? Find out in this article https://livingwealth.com/who-is-nelson-nash/