Chapter
Investing, Borrowing and Doubling Your Money
36:01 - 46:45 (10:43)
The key to smart borrowing is to buy assets that can go up in value, like a home, instead of assets that decrease in value, like a car. To calculate how long it takes to double your money, divide the rate of return by 72.
Clips
The average American buys new cars constantly, but investing in appreciating assets such as a home will double your money faster.
36:01 - 44:33 (08:31)
Personal Finance
Summary
The average American buys new cars constantly, but investing in appreciating assets such as a home will double your money faster. Student loans are the only debt in life that one can't walk away from through bankruptcy.
ChapterInvesting, Borrowing and Doubling Your Money
Episode791 Be Financially Free and Pay Yourself First with David Bach
PodcastThe School of Greatness
A woman receives advice from her mentor on being in charge of her finances no matter who she marries or what job she has, emphasizing the importance of financial stability at any age.
44:33 - 46:45 (02:12)
Financial Advice
Summary
A woman receives advice from her mentor on being in charge of her finances no matter who she marries or what job she has, emphasizing the importance of financial stability at any age.