S3_E28 How to use debt to build wealth (and joy)!

Welcome to another episode of My Happy Money Journey with Phoebe Blamey! This week, we're lifting the veil on debt and looking at it in a totally new light. Forget the stories of brown rice and Vegemite as you pay off your mortgage—it's time to rethink the "debt is bad" narrative and use it as a tool for building wealth. 🏡💡

In this episode, Phoebe dives into:

• The Real Cost of Debt: Understanding the difference between good and bad debt

• Using Debt to Build Wealth: How leveraging debt for assets and investments can work for you

• Impulse vs Strategy: Why focusing on long-term wealth creation is better than reacting to short-term desires

• Home Loans & Car Loans: How strategic debt can create freedom and peace of mind

• Smart Money Moves: The benefits of investing, leveraging property, and using debt as part of your wealth-building strategy

Phoebe also shares real-life examples of how using debt wisely can change your financial outlook, and why it's crucial to focus on strategic debt over knee-jerk reactions like impulse buying.

So, let's stop feeling guilty about having debt and start thinking about how to use it to level up in life.

Resources Mentioned:

• The Motley Fool article

  https://www.fool.com.au/2024/12/02/heres-the-average-asx-stock-market-return-over-the-last-10-years-and-what-it-means-for-the-next-10-years/

Previous episodes on getting debt-free without losing joy, and shifting your mindset around debt#money #moneymindset #debtfree #womenandmoney #wealth #wealthcreation #makemoremoney

🔗 Links:

• Motley Fool article

• Getting Debt-Free Without Losing Your Joy

• Shifting Your Mindset Around Debt

• More on Investment Types & Strategy Coming Soon!