What’s the deal with debt? Is it a crucial tool for building wealth or a detrimental curse to a person’s long-term financial health?
In this episode, we’re talking about two competing ideologies from two GIANT names in the business and personal finance space – Dave Ramsey and Robert Kiyosaki.
Dave Ramsey is perhaps the most well-known radio personality who introduces each of his radio shows saying,
“Debt is dumb, cash is king and the paid-off home mortgage has taken the place as the BMW as the status symbol of choice.”
Robert Kiyosaki has sold tens of millions of books, and is noted for saying things like,
“Good debt helps you get rich, Bad debt makes you poor: If you want to get rich, load up with ‘good debt’. When you want to become rich fast, it is important to have enough starting capital, and borrowing ‘good debt’ helps multiply the capital that you start with.”
They can’t both be right… or can they?
We’ll explain our thoughts in this episode.
Share your thoughts:
- Leave a note in the comments section below.
- Share this episode on Twitter, Facebook or LinkedIn (social sharing buttons below!)
Help out the show:
Thanks again for joining me this week. Until next time!
The Best Real Estate Investing Strategy I’ve Found
I’ll be completely honest with you. The most powerful strategy I’ve used to build my real estate investing career is probably NOT what you might guess.
Land investing (that’s right, buying and selling vacant land) is a massive opportunity that most investors aren’t paying attention to. For the few land investors who know how to pursue this business with the right acquisition strategy, it’s an extremely lucrative and low-risk way to build serious wealth from real estate.
If you want to get the inside scoop on how to start and run your own land investing business, come and check out the REtipster Club – where I’ve put together a full 12-module course with dozens of videos, bonuses, downloads, group coaching sessions and a members-only forum (where we spend time answering questions every week). There is no better place to learn this business from the inside out!