Stop paying off your cheap debt so fast and consider whether some debt is smart debt.Don’t touch that cheap debt. Did you know that not all debt is created equal? There is such a thing as smart debt believe it or not.

It’s very popular these days to get fixated on paying off all of your debt in record speed, but I’m going to argue that isn’t always the smartest financial decision you can make with your debt. Cheap debt is one of the best kinds of debt you can have.

I know, debt makes you feel queasy and like you want to vomit. Me too, however, I understand that smart debt means that you’re using your money in the best way possible so you can actually grow your money while you’re paying off your debt. It’s like having your cake and eating it too.

On This Podcast Episode:

  • I’m going to explain why some debt is smart debt
  • Look at 3 different scenarios where paying off debt has an impact on your future
  • What exactly is cheap debt (hint, it’s debt under 7%)
  • How you can use this new way of thinking to increase your overall net worth

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