21: Build This First (Then Pay Off Your Debt)
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21: Build This First (Then Pay Off Your Debt)
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High-interest debt can feel like an impossible treadmill. This episode explains why traditional debt payoff strategies often leave you broke and vulnerable, and reveals a powerful method to eliminate debt while simultaneously building your wealth and income.
Topics Discussed:
- (00:00) - Stop Prioritizing Debt
- (01:59) - Negative Impact on Longer Loan Terms
- (03:49) - The Economics of Debt
- (04:57) - The Biggest Challenge with Conventional Debt Advice
- (05:33) - Command Debt with Infinite Banking
- (06:28) - Infinite Banking to Pay Off Credit Cards
- (07:19) - Get Compound Growth While Getting Out of Debt
- (08:04) - Conventional Financial Advice Keeps You Trapped
- (08:58) - Don't Make Extra Payments on Low-Interest Mortgage Debt
- (11:59) - After Debt is Paid, Now We Have a Bunch of Cash
- (12:39) - 4 Keys to Getting Ahead
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About me:
I'm John Perrings, an Authorized Infinite Banking Concept (IBC) Practitioner with the Nelson Nash Institute, the official home of Infinite Banking. I've implemented IBC for hundreds of clients and educated thousands more via my top-rated podcasts, articles, and courses.
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