Jul 20, 2020
In episode 281 of Financially Simple, Justin and Jeff Jeter go over the different types of debt and how to use debt to your advantage.
Most people fear the word Debt, but is it all bad? Justin and Jeff talk about their own personal experiences of having to deal with debt, and discuss the differences between Consumptive Debt and Productive Debt, as well as considering when and how to best leverage debt to your advantage.
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02:13 - How to Leverage Business Debt
03:48 - Two Camps of Thought
04:54 - What is Debt?
05:32 - Personal Experiences
08:15 - Good Debt vs. Bad Debt
09:56 - Consumptive Debt
13:29 - Productive Debt
14:30 - When Do We Use Debt As Leverage?
18:58 - When Not to Leverage Debt
21:12 - How and Where?
24:30 - Summary
28:26 - Wrap Up
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Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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