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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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.