Should I Avoid Debt, Even When it Makes Me More Money?

Is debt always bad? What if you can potentially make more money by leveraging debt? We give our answer in this episode of The Money Challenge Podcast. Enjoy.

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In this week’s episode, we answer these listeners’ questions:

  1. Do I need to put money into an IRA? When? How much? That versus a regular savings account. What’s the different between a Roth IRA and a traditional one?
  2. Do you think it’s wrong to leverage or carry more debt if it’s related to cash flowing real estate properties? Should we avoid debt even if it’s debt that nets us more money?

And here is this episode’s Money Challenge:

Prepare yourself for generosity. Buy a $5 McDonald’s gift card and keep it on you to give to someone when God tugs on your heart. Plan to be a blessing to others.

Don’t forget to send your money questions to art@artrainer.com or you can reach out via Twitter or Instagram.

Subscribe to The Money Challenge Podcast here!

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2 thoughts on “Should I Avoid Debt, Even When it Makes Me More Money?

  1. Debt has always been the result when there is a lack of money and a situation when spending money is a must. It can solve problems at the moment but create a lot in the future. But it also gives more time to prepare to solve the problems in the future like paying on the installment basis. This way the burden of paying large sum of money is lessen. If possible, all options, all alternatives should be considered first and only resort to debt when out of options. This way further problem can be avoided. Learning also to prioritize and having self-discipline can help avoiding debt. Also learning to make debt work on your favor is the best idea like acquiring a real state through debt then having it rented to some clients and pays the monthly amortization with the monthly rent from that real state.