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Financially Simple Bizcast

The Financially Simple podcast is your one-stop resource for small business owners. Gain unique insights into growing, refining, and selling businesses. You will hear ways business owners have reduced their tax liabilities, increased their income, improved office morale, saved for the retirement of their dreams, and more.
Host Justin Goodbread is a serial entrepreneur, award-winning CFP® (Certified Financial Planning professional), CEPA® (Certified Exit Planning Advisor), and CVGA® (Certified Value Growth Advisor) with years of experience guiding business owners from start to exit in their business.

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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Financially Simple podcasts are recorded on a Blue Yeti Microphone & Samsung Notebook 9.

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Jeff Jeter




Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.