Ep #344: Business Debt

Make Money as a Life Coach®

Stacey Boehman

Entrepreneurship, Buildingatribe, Branding, Sales, Networkmarketing, Self-improvement, Business, Lifecoaching, Influence, Marketing, Education, Impact

4.6 • 831 Ratings

🗓️ 16 July 2025

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is business debt holding you back, or is it an opportunity for growth? Many businesses operate with some form of debt, and how you view and manage that debt can make all the difference in your success. Understanding the distinctions between investment debt, business debt, and consumer debt isn’t just about financial literacy, but also knowing what fuels your business growth and what drains it.

When you see your business as an asset worth creating and maintaining, debt becomes a tool rather than a burden. In this episode, you’ll learn how to manage debt without it influencing your money-making behavior, why starving your business to pay off debt often backfires, and practical strategies for creating a payoff plan that actually works. Most importantly, you’ll discover how to serve powerfully and sell confidently, no matter your current financial situation.

If you want to start making serious money as a coach, you need to check out 2k for 2k. Click here to join: https://staceyboehman.com/2kfor2k !

Transcript

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0:00.0	Welcome to the Make Money as a Life Coach podcast.
0:08.8	We're sales expert and master coach Stacy Bayman teaches you how to make your first 2K,
0:13.9	20K and 200K using her proven formula.
0:19.2	Hi coaches. Welcome to episode 344. Today, we're going to talk about business debt and all the
0:30.5	different types of debt that can come with the business. The reason why I wanted to have this
0:35.1	episode is as I just finished my entrepreneur series R-O-I,
0:41.1	and we did a lot of coaching on a lot of things.
0:44.2	And one of the things that came up was investment debt.
0:49.0	And what I found is there are coaches, a lot of coaches, who have either an aversion to any sort of business debt or a lot of shame about having any sort of debt, whether it's credit card debt or actual line of credit and not having really positive thoughts or useful thoughts to either get the debt paid down,
1:15.1	not get in the debt or in any way manage the debt.
1:19.3	And so I wanted to do an episode about this because I think I have some really positive thoughts about it,
1:25.4	not like, oh, debt is great, but I just think my thoughts are very useful.
1:29.1	And I also think I have a more wide perspective when it comes to entrepreneurship that I think
1:35.8	could be helpful to. So you want to dive in? Let's do it. There's a couple of distinctions when it
1:41.4	comes to debt that I want to make. So the first one is there is a difference
1:47.5	between investment debt and business debt. And that is really important when you are
1:55.2	contemplating debt or are trying to manage debt. It's really important that you, just in general, for financial
2:04.4	literacy and for financial confidence and believing you are financially responsible, I think the more
2:11.8	neutral that you can be, I think the more where you can be and educated you can be, I think, the better it goes.
2:18.8	So investment debt is not quite the same as business debt. There are different things. And you
2:24.5	could have both at the same time. But business debt comes from things like paying yourself,
2:32.4	employees, software expenses, marketing expenses, basically what I would
	...

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