Why are people getting poorer?

Episode highlights:

Many people strive to become debt-free as a primary financial goal.Being debt-free provides a sense of freedom, reduces stress, and allows for financial security.Accumulating debt can lead to a never-ending cycle of work and debt repayment, limiting enjoyment of the present and pursuing passions.Debt can be a powerful tool if used wisely and strategically.Good debt helps generate income, build assets, and create wealth.Debt can be leveraged to amplify financial capacity and accelerate progress towards goals.Wealthy individuals and successful entrepreneurs use debt strategically to increase wealth and create more opportunities.It is essential to educate yourself, seek guidance, and develop a clear strategy for utilizing debt intelligently.Understand the risks involved and ensure that potential rewards outweigh those risks.Being debt-free may not always be the ultimate goal; instead, shift the mindset towards leveraging debt intelligently and strategically to build wealth and create a better future.