1806: Debt Can Be A Good Thing - In Moderation by Paula Pant of Afford Anything on Building Wealth

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 18 February 2022

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

Paula Pant of Afford Anything shares how debt can be a good thing - in moderation. Episode 1806: Debt Can Be A Good Thing - In Moderation by Paula Pant of Afford Anything on Building Wealth Paula Pant is the founder of the award-winning website AffordAnything.com and a writer and speaker specializing in money, business, and real estate investing. She is a real estate investor, as the owner of seven rental property units in metropolitan Atlanta. She holds a real estate license in Georgia. She's also the host of the Afford Anything podcast. The original post is located here: https://affordanything.com/debt-is-a-good-thing/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 1806.
0:04.0	Dad can be a good thing in moderation by polypant of a FordAnything.com.
0:11.0	And I'm your host and personal finance enthusiast, Diana Merriam.
0:15.5	Now let's get to today's post as we optimize your life.
0:20.0	Dad can be a good thing in moderation by polypant of a FordAnything.com.
0:31.0	There seem to be two prevailing attitudes when it comes to Dad.
0:36.0	The bring it on camp and the I won't touch it with a 10-foot pole camp.
0:41.0	Here's a secret. Both attitudes will make you poor.
0:45.0	Dad, bring it on.
0:48.0	One camp of people are nonchalant about it.
0:51.0	Five-year car loan? No problem. After all, I can't have a car that breaks down.
0:56.0	I rely on my car to get to work.
0:59.0	Home mortgage? Of course. How else are you going to buy a home?
1:02.0	Credit card balance? Well, maybe a little, but there was a sale and I need a nice suit for my job.
1:09.0	Dad won't touch it with a 10-foot pole.
1:13.0	The other camp of people display a knee-jerk response to the horror stories they hear about others being buried up to their ears in debt.
1:22.0	This camp of people proclaim to be allergic to debt. They can't imagine carrying a penny of debt and they won't entertain the idea of it.
1:31.0	This group I call the I won't touch debt with a 10-foot pole camp.
1:35.0	Guess which camp is financially responsible? The answer might surprise you.
1:40.0	Neither.
1:42.0	Consumer debt stinks.
1:45.0	It's obvious why team bring it on holds a dangerous attitude about money.
	...

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