Debt, it is like a sword.

You can use it to cut the enemies, protect your family,

or you can use this cut yourself.

Hi, this is Dan Lockett.

Welcome.

Dan has been educating and inspiring individuals, entrepreneurs and leaders for decades.

He's helped millions of people to move past the mental barriers that were holding them back from stepping into their power to become a better version of themselves and live a kick-ass life.

I know this firsthand as I'm Jenny Dan's wife. And here's your host, Dan Locke. How to start paying off debt.

Today, Dan explains the two-sided blade that is debt and how you can start

paying it off fast. Now, here's Dan. Debt, it is like a sword. It is a weapon. You can use it to, well,

cut the enemies, protect your family,

or you can use this cut yourself.

So what do you do with it?

And there are two kinds of debt.

There's the good debt and there's bad debt.

I want you to think about debt as instead of the word dead,

I want to teach you a new vocabulary.

I want to think of debt as leverage.

It's leverage. So debt is nothing more than the money that you borrow from someone or an institution

to perform an activity. And that activity can make you richer, right, you cut off your enemy,

or make you poor. It is that simple. So if you think about debt in that kind of setting, in that kind of circumstances. So good debt, what do I mean by that? Let's say good debt. It's a business loan that you borrow from the bank to expand your business, to buy that new piece of equipment,

maybe to hire more employees to grow your company,

...