Chapter
The Difference Between Good Debt and Consumer Debt
52:11 - 55:25 (03:14)
The speaker explains the difference between good debt that results from investments, and consumer debt that may lead to financial ruin.
Clips
The podcast host discusses his experience being in debt during the 2008 financial crisis and how he used that fear to prepare himself for the next crisis with COVID, resulting in a successful year for his company.
52:11 - 53:15 (01:04)
Financial Crisis
Summary
The podcast host discusses his experience being in debt during the 2008 financial crisis and how he used that fear to prepare himself for the next crisis with COVID, resulting in a successful year for his company.
ChapterThe Difference Between Good Debt and Consumer Debt
Episode1069 Grant Cardone: Mastering Money, Persuasive Negotiation & Building a Billionaire Mindset
PodcastThe School of Greatness
The episode talks about the difference between good and bad debt.
53:15 - 55:25 (02:09)
debt
Summary
The episode talks about the difference between good and bad debt. Good debt is when an investment made today is likely to generate more money in the future. On the other hand, bad debt is when you take on debt to pay for things that will not grow in value, like consumer debt.