You can build wealth even if you're in debt... here's how

The Affluent Entrepreneur Show

Are you wondering if you should start building wealth even if you're in debt? You're not alone! It's a common question with a not-so-simple answer.

In today's episode, I dive into the complexities of managing debt while investing for your future. I explore the two personality traits of all debt, the importance of having a debt payment plan, and why building wealth is as much a psychological game as it is a financial one. I also introduce the wealth creation curve and explain why starting to invest early, even with debt, can be beneficial in the long run.

Ready to take control of your debt and start building wealth simultaneously? Tune in to the full episode now!

IN TODAY’S EPISODE, I DISCUSS:

• The two personality traits of all debt and how they impact your finances and mindset
• The importance of having a debt payment plan in place before investing
• Introducing the wealth creation curve and the significance of the "wealth flatline" phase

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If you liked this episode, you'll love these ones:

• The 25 Top Money Books I've Read (What I Learned)
• Traditional Financial Advice Doesn't Work for Entrepreneurs
• Build Wealth & Live a Rich Life at Any Age (My so n's journey)
• How to Do Money Right As a Family

RECOMMENDED VIDEOS FOR YOU

If you liked this video, you'll love these ones:

• I Read 40 Books on Money... Here's what will make you rich: https://youtu.be/IVrVC8smFS4
• Traditional Financial Advice Doesn't Work For Entrepreneurs :https://youtu.be/GZTaw24Hnc4
• Build Wealth & Live a Rich Life at Any Age (My son's journey): https://youtu.be/5p7OVp2pAbM
• How to Do Money Right as a Family:https://youtu.be/vZqfINfPNoo

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TAKE THE FINANCIAL FREEDOM QUIZ:

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Chapters

1. Entrepreneur show for high-level success and liberation. (00:00:00)

2. Achieve money momentum, stay in the game. (00:04:57)

3. Develop saving habits, prioritize debt repayment. (00:07:44)

4. Choose snowball or avalanche method for debt. (00:12:30)

5. Start saving, invest responsibly, live within means. (00:16:08)

6. Build wealth in debt is possible, subscribe. (00:18:41)