Episode 106: Why I Changed My Mind on Debt Three Times (The Wealth Curve That Explains Everything)

Is debt the key to building wealth, or the thing that quietly puts you at risk? The honest answer? It depends on where you are in your journey.In this short yet powerful episode, Rich Lennon breaks down how his opinion on debt has changed three times as his net worth, confidence, and priorities have evolved. From wanting everything paid off, to leveraging hard to grow, to shifting back toward security, this episode walks through the real-life thought process behind each move.You’ll Learn How To:Know when debt helps you grow and when it holds you backThink about leverage based on your stage of wealthUse return on equity to guide smarter decisionsBalance growth with peace of mindAdjust your strategy as your life changesWho This Episode Is For:Rental property owners are unsure whether to pay off propertiesBRRRR investors are debating how much leverage is too muchEntrepreneurs trying to grow without overextendingAnyone who feels torn between safety and speedWhy You Should Listen:Debt isn’t good or bad. It’s a tool. And tools only work when you use them at the right time. In just nine minutes, Rich gives you a simple framework for thinking about debt through the lens of the wealth curve, so you can make decisions that match your goals, not someone else’s strategy.What You’ll Learn in This Episode:[00:00] Why Rich’s view on debt changed over time[01:30] His early goal of owning properties free and clear[03:00] How leverage helped him grow faster[04:30] The moment security started to matter more[06:00] Understanding the wealth curve[07:30] How return on equity changes the game[08:30] Why your strategy should evolve as you growFollow Rich Lennon here:Website: https://richlennon.com/Facebook: https://www.facebook.com/rich.lennon.121Instagram: https://www.instagram.com/richlennon92/