E94: What if Using Cash Money is the Wrong Advice?
Dollars and Nonsense · Living Wealth
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Show Notes
In this episode, we will discuss why it's time to rethink how you use money, and how you can mimic the rich and how they use money and use it in your own personal financial situation.
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Topics Discussed:
- The conventional wisdom shared by "gurus" and parents
- When paying interest can make you more money (sounds crazy, we know)
- What it means to keep money moving and why idle capital is bad
- Hidden opportunity costs of using cash
- What it means to be asset rich and cash poor
- When it's a good idea to use other people's money and when it's not
- The magic of compound interest
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/