Debt is bad! Or is it? - Episode 138

We want to be debt free, who wants to be in debt to others? However, being so fixated on being debt free can hurt us financially. Debt can be a powerful tool to implement as part of your financial strategy.

Ken Greene transitioned from being a Professional Engineer (P.E.) to the “Engineer of Finance.” His goal is to help people become financially independent and help them earn better yields with less risk by investing Off Wall Street.

 

Links and Resources from this Episode

For resources and additional information of this episode go to http://engineeroffinance.com  EOF Podcast The Spread - Episode 2;  The Heritage Foundation - www.heritage.org;  The Peter G. Peterson Foundation - www.pgpf.org  Connect with Ken Greene http://engineeroffinance.com  Office 775-624-8839 https://www.linkedin.com/in/ken-greene  https://business.facebook.com/GreeneFinance

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Show Notes

Debt is bad - 1:14 Being in debt can be a powerful strategy - 3:39 The bad part of debt, some websites that you can visit - 4:24 What devalues our purchasing value - 7:19 The largest form of taxation - 7:38 Why debt can be devastating and really bad - 10:24 Having a budget - 12:14 Talking about credit cards - 13:01 A great use of debt - 15:08 What will happen to our tax rates - 18:17 How debt can be really powerful - 18:57 The importance of passive income - 20:04 A powerful tool - 22:16

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