• Smart Debt Management

  • Feb 8 2024
  • Length: 8 mins
  • Podcast

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Smart Debt Management

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  • Summary

  • Some believe you must spend money to make money, but that doesn’t give business owners free reign to rack up debt for business expenses and still expect to turn a profit.  

    In this episode, I explore the pros and cons of incurring debt and why a strategic approach to debt management aligned with your business goals is key to sustainability.  

    In this episode, you’ll also hear: 

    • Identifying good debt vs. bad debt  
    • Managing debt with intention  
    • Creating a realistic repayment plan 

     

    Must-listen moments:  

    [00:01:18] But the difference between a good debt and a bad debt is that a good debt is incurred for strategic investments. That means that you are looking to get debt that is going to make you money, not debt to pay down expenses. 
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