Jason Feifer
đ€ SpeakerAppearances Over Time
Podcast Appearances
They put both of their names on the deed. And then the day they closed, the IRS owned the entirety of her home because he had all these back taxes that were due. And so I think if we don't have these conversations, if we don't step into them, we're not doing our due diligence. And guess what? She went through a divorce. She was carrying his debt.
They put both of their names on the deed. And then the day they closed, the IRS owned the entirety of her home because he had all these back taxes that were due. And so I think if we don't have these conversations, if we don't step into them, we're not doing our due diligence. And guess what? She went through a divorce. She was carrying his debt.
They put both of their names on the deed. And then the day they closed, the IRS owned the entirety of her home because he had all these back taxes that were due. And so I think if we don't have these conversations, if we don't step into them, we're not doing our due diligence. And guess what? She went through a divorce. She was carrying his debt.
She ended up getting happily remarried to a really supportive guy. They together paid off his debt, the prior husbands, and now live a happy life. So that's the thing with finance. It can be fixed once identified and we need to get rid of judging.
She ended up getting happily remarried to a really supportive guy. They together paid off his debt, the prior husbands, and now live a happy life. So that's the thing with finance. It can be fixed once identified and we need to get rid of judging.
She ended up getting happily remarried to a really supportive guy. They together paid off his debt, the prior husbands, and now live a happy life. So that's the thing with finance. It can be fixed once identified and we need to get rid of judging.
Man, I would say go to therapy and figure out what the real issue is, right? And we're seeing, right, the wage gap is tightening. And in my opinion, it's 100% going to flip. And this concept is something that needs to be broken into, that needs to be shattered because it is completely backwards and asinine.
Man, I would say go to therapy and figure out what the real issue is, right? And we're seeing, right, the wage gap is tightening. And in my opinion, it's 100% going to flip. And this concept is something that needs to be broken into, that needs to be shattered because it is completely backwards and asinine.
Man, I would say go to therapy and figure out what the real issue is, right? And we're seeing, right, the wage gap is tightening. And in my opinion, it's 100% going to flip. And this concept is something that needs to be broken into, that needs to be shattered because it is completely backwards and asinine.
Yeah, correct. Correct. I think the short answer is, is that like good debt is any type of debt instrument that is used to hopefully support an appreciating asset of some nature. Right. We know historically real estate in the United States appreciates. Right. So a mortgage is collateralized by the home. And, you know, of course, it's more of a generalized statement.
Yeah, correct. Correct. I think the short answer is, is that like good debt is any type of debt instrument that is used to hopefully support an appreciating asset of some nature. Right. We know historically real estate in the United States appreciates. Right. So a mortgage is collateralized by the home. And, you know, of course, it's more of a generalized statement.
Yeah, correct. Correct. I think the short answer is, is that like good debt is any type of debt instrument that is used to hopefully support an appreciating asset of some nature. Right. We know historically real estate in the United States appreciates. Right. So a mortgage is collateralized by the home. And, you know, of course, it's more of a generalized statement.
But in general, homes in the United States as a macro perspective appreciate that. When we look at credit card debt, credit card debt is considered a bad form of debt because you are likely acquiring assets that depreciate or have no value, which is why I'm sure all your listeners know when you tie the risk associated with any form of debt with an interest rate.
But in general, homes in the United States as a macro perspective appreciate that. When we look at credit card debt, credit card debt is considered a bad form of debt because you are likely acquiring assets that depreciate or have no value, which is why I'm sure all your listeners know when you tie the risk associated with any form of debt with an interest rate.
But in general, homes in the United States as a macro perspective appreciate that. When we look at credit card debt, credit card debt is considered a bad form of debt because you are likely acquiring assets that depreciate or have no value, which is why I'm sure all your listeners know when you tie the risk associated with any form of debt with an interest rate.
You know, credit card debt is going to be the highest interest rate because the bank is taking on so much more inherent risk because there is no collateral for that debt that's being deployed. And so when I talk about good debt, when it comes to businesses, I'm talking about companies that are buying equipment to continue to grow. I'm talking about companies are buying real estate to grow.
You know, credit card debt is going to be the highest interest rate because the bank is taking on so much more inherent risk because there is no collateral for that debt that's being deployed. And so when I talk about good debt, when it comes to businesses, I'm talking about companies that are buying equipment to continue to grow. I'm talking about companies are buying real estate to grow.
You know, credit card debt is going to be the highest interest rate because the bank is taking on so much more inherent risk because there is no collateral for that debt that's being deployed. And so when I talk about good debt, when it comes to businesses, I'm talking about companies that are buying equipment to continue to grow. I'm talking about companies are buying real estate to grow.
Companies are supporting their employees through a line of credit to grow. companies that are using debt to acquire other companies. So there's a lot of forms in which you can use debt as a strategy to acquire appreciating assets. And that is night and day from assets that are bought through dollars that are spent on experiences or material items that depreciate in value. Stocks, not stuff.
Companies are supporting their employees through a line of credit to grow. companies that are using debt to acquire other companies. So there's a lot of forms in which you can use debt as a strategy to acquire appreciating assets. And that is night and day from assets that are bought through dollars that are spent on experiences or material items that depreciate in value. Stocks, not stuff.