Can We Normalize Canceling Debt & Building Wealth?
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Student debt, along with a host of other debts, have been normalized in today's culture. So how do we change the script? Let's normalize canceling debt and building wealth! This will give you the financial freedom to live your best life. It starts with financial literacy or the understanding of money and how to use it. Our guest this week, James Phillips, is a local financial advisor who will give you all the tools you need to become debt free.
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Top Tips:
- STOP GOING INTO DEBT! Don’t pay off one loan just to end with another.
- Never own more than 50% of your income in motors (boats, cars, etc.).
- Compound Interest: Albert Einstein said it was the greatest discovery of all time. Basically your money makes babies which gives you more money. That cycle repeated continuously.
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