The Value of Debt in Building Wealth
Creating Your Glide Path to a Healthy Financial L.I.F.E.
Thomas J. Anderson
- English
- ePUB (mobile friendly)
- Available on iOS & Android
The Value of Debt in Building Wealth
Creating Your Glide Path to a Healthy Financial L.I.F.E.
Thomas J. Anderson
About This Book
The book of financial wisdom that your future self will thank you for reading
For many adults under 40, 'debt' is a four-letter wordâsomething that should be avoided but is all too often unavoidable. In The Value of Debt in Building Wealth, bestselling author Thomas J. Anderson encourages you to rethink that. You'll walk away from this book with an understanding of how you can use debt wisely to secure the financial future you envision for yourself and your family. Student loans, mortgages, lines of credit, and other forms of debt are all discussed in detail, with a focus on smart planning for those who are accumulating assetsâand debtânow.
Should you rent or buy? How important is liquidity? What is good versus bad debt? How much debt should you have? What debt-to-income and debt-to-asset ratios should you aim for? Fixed debt or floating debt? What's the best way of saving for college and retirement? These are big questions that deserve thorough answers because the choices you make now could influence the course of your life. This thought-provoking book will open your eyes to savvy financial strategies for achieving your goals faster and with healthier bank accounts.
- Explore strategies for smart debt management, explained by one of the nation's top financial advisors
- Gain an understanding of investment basics and key financial concepts you'll need to achieve your long-term goals
- Understand the risks of having debt and the potential risks of being debt-free
- Make financial decisions now that will maximize your wealth, freedom, and opportunity later
This book is not about buying things you cannot afford. It is about liquidity, flexibility and optimizing your personal balance sheet. The Value of Debt in Building Wealth is full of ideas you can apply to your own situationâno matter what your current asset level. Read this book today and thank yourself later.
Frequently asked questions
Information
Chapter 1
The Traditional Glide Path
âIt does take great maturity to understand that the opinion we are arguing for is merely the hypothesis we favor, necessarily imperfect, probably transitory, which only very limited minds can declare to be a certainty or a truth.â
- Debt is bad.
- You should be debt free when you retire.
- Debt creates anxiety, stress, and pressure.
- Having debt causes you to âwaste money on interest.â
- All things equal, you would rather not have debt.
- Debt increases risk in your life.
- Being debt free is less risky than having debt.
In a Perfect World, No Debt! But Our World Isn't Perfect
HOUSTONâWE HAVE A PROBLEM!
- 93 percent plan to retire by age 75 (and 86 percent before age 70).
- 85 percent of those surveyed either have debt or plan to use debt at some point in their life.
- 93 percent want to retire debt free.
- Only 27 percent think it is even possible that having debt in retirement is a good idea.
- 73 percent say that debt increases stress.
- 96 percent would choose to not have debt if they had the choice.
- 50 percent do not feel on track for retirement, and studies indicate that as many as 90 percent of Americans fail tests for meeting future retirement needs.5