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Main Street Business

263: Good Debt versus Bad Debt...Dave Ramsey?

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4584 Ratings

🗓️ 4 October 2019

⏱️ 54 minutes

🧾️ Download transcript

Summary

Is all debt bad? Mark and Mat don't think so. Some debt is good and very important to building wealth. At the same time, any version of debt if it isn't handled with self-control and in a wise way. Mark and Mat break down 4 categories of debt, and positive smart ways to approach debt and your credit score. More information at www.refreshyourwealth.com. Grab my eBook 30 Unique Strategies Every Business Owner Should Know! You don't want to miss this! Secure your tickets for the #1 Ev...

Transcript

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0:00.0

Broadcasting worldwide on Internet Radio.

0:07.0

Refreshing takes on legal strategies.

0:10.0

Straightforward answers to difficult tax questions.

0:13.0

Independent ideas on building wealth.

0:16.0

It's the Refresh Your Wealth Show with Mark Kohler and Matt Sorenson.

0:19.0

Get your free copy of Mark and Matt's ebooks and sign up for their weekly free newsletter with important tax deadlines and articles at refresh your wealth.com.

0:28.7

Now, here's Mark and Matt.

0:48.7

Yeah. Welcome, everyone to the Refresh Your Wealth podcast.

0:53.2

This is Matt Sorensen, joined by my amazing co-host, Mark Kohler.

1:01.9

We are two tax lawyers, business owners, dreamers, lovers, not together, just separately.

1:04.0

Business partners, let me just be clear on that.

1:05.9

No, I want to just into that one.

1:07.8

Yeah, and thank you. Not that there's a problem with that.

1:09.4

But, you know, before the show started, I said, Matt, bring us in with a lot of energy. I appreciate the comment, amazing partner, but let's bring it up a little. Woo! Hey, everybody. Welcome to the show. We're so excited today. See, that's where I was shooting for. Well, this was a, it was a protest really to our sponsor, Rockstar, who has failed to send me

1:30.6

my free Rockstar. So consider that a protest. So we're going to make the consumer, the listener

1:39.2

suffer because Rockstar did not send us a case this month. What I should do next week, I'm just going to

1:44.0

have a monster, and I'm just going to give Monster all the credit. And we'll see if Rockstar did not send us a case this month. Well, what I should do next week, I'm just going to have a monster, and I'm just going to

1:45.4

give Monster all the credit. And we'll see if Rockstar gets a little jealous. We'll see. I've got a connection. I've got a new connection to Rockstar, Matt. I need to tell you about it. So I've got to actually make a call on that. I got an idea. All right. Anyway, Matt and I in our little pet projects that are ridiculous.

2:04.1

Yeah, welcome. make a call on that. I got an idea. All right. Okay. Matt and I in our little pet projects that are

2:02.2

ridiculous. Yeah, welcome everybody. If you saw the title of the show, this is a controversial one,

2:08.9

because I'm going to say it right now. I know this is going to make some of you want to careen off to

2:13.8

the side of the road and it's heresy. But guess what? Dave Ramsey is not right all the time. Or I said it. I mean, we probably lost some viewers right there. I mean, yeah, I swear that guy, he's still there. Yeah, I know. That guy has so much credibility. Everybody's like, if Dave Ramsey said it, it must be true. I don't know what he did, but. Yeah. Hey, he's done some good

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