477: Three Things to Know About Debt

The Cardone Zone

Grant Cardone

Business, Careers

4.8 • 4.1K Ratings

🗓️ 4 March 2019

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

With $422 billion in credit card debt, $1.27 trillion in auto debt, and mortgage debt of $9.1 trillion, America is drowning in debt. But what's worse than debt? Dead money! Dave Ramsey won't teach you this, but America is drowning in not only debt, but dead money. From the $9.1 trillion in mortgage debt, over $5 trillion of that is stuck in equity. That's dead money, and that's the biggest problem. Here are 3 things to know about debt today:

Transcript

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0:00.0	It's a wake up call for the middle class.
0:04.0	Ouch! Ouch!
0:06.0	Made it a success, your duty.
0:08.0	What ever it takes.
0:10.0	It ain't your daddy's economy.
0:12.0	True freedom in business, career and finance.
0:16.0	The car, the car don't zone, starts now.
0:20.0	Hey, welcome just working on my little smart board right here.
0:25.0	Every Friday I come to you to talk about your career, your business,
0:28.0	and your finances.
0:30.0	And today I'm feeling a little, what's the word?
0:34.0	Not under the weather.
0:36.0	Feeling a little subtle.
0:38.0	What is it, little?
0:40.0	Not a little, little worried for you guys.
0:44.0	Little worried, man.
0:46.0	There's some clouds.
0:48.0	Some dark clouds, some cumulus build up on the horizon.
0:54.0	On the economic horizon that I want to share with you.
0:57.0	And I want to get you ready for this.
0:59.0	I want to talk to you today about debt.
1:01.0	Let me just give you some data here about debt in America.
	...

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