After we have established a starting point of where we are, we will begin to design a plan that we agree on, to start eliminating debt. Debt = The state of owing money.
So let me ask a question: Is debt good or bad? Is there good debt and bad debt? What determines if debt is good or bad?
If someone else owns my debt, I would say that is bad debt… if my money ends up in someone else’s pocket.
What if I owned my own debt? I would say that is good debt… if my money ends up in MY pocket! What if every dollar I had to pay back, I had to pay back to myself…wouldn’t that be a good debt?
While right away we might not be able to eliminate all debt, what if we could buy back our debt, even if only a little bit at a time? Wouldn’t that be a step in the right direction?
Thought provoker alert! What would be better, eliminating all of our debt or owning all of our debt?
We have been taught that debt is bad. May I propose to you that it depends on who owns our debt as to whether or not that debt is bad. If someone else owns our debt, that debt is bad debt, but if we own our own debt… that debt is good debt.
Good debt, bad debt…what does it matter? We can get so tied up with trying to eliminate debt that sometimes we can miss solutions that are right in front of us. Having a great coach to work with sometimes exposes solutions that have been right in front of us all along.
It is important to understand the financial implications of Holding Onto Debt. Holding Onto Debt will Always Cost You More Money Than You Can Earn On Your Own. As a society, we are emotionally involved in thinking that making more money is our answer… yet it is our debt, that in reality, holds us back from achieving our ultimate financial goals.
I want to take you from having debt, to no debt… and from no debt to financing your own purchases.
Is NOT so Common.
I am on a mission, trying to free America…one family at a time. Stop paying interest…start earning it! Will you join our mission?
John Adams said “There are two ways to conquer and enslave a country. One is by sword. The other is by debt.”