Jason Feifer
👤 SpeakerAppearances Over Time
Podcast Appearances
There are a lot of people that are worth multi, multi, multi-million dollars and some that have terrible debt or terrible credit score. It's okay to have certain issues. Let's understand them. Let's identify them. And see if those patterns are going to repeat or can be fixed. That's it. That's it. Right.
There are a lot of people that are worth multi, multi, multi-million dollars and some that have terrible debt or terrible credit score. It's okay to have certain issues. Let's understand them. Let's identify them. And see if those patterns are going to repeat or can be fixed. That's it. That's it. Right.
In my book, there was an example we had of someone who kind of had a situation that was wildly the example of financial infidelity. But she's making less than her husband. They got married pretty quickly. He said that he'll pay half the mortgage via Venmo or Zelle. And she had belief in that because she did see that he made more. So her name's on the mortgage.
In my book, there was an example we had of someone who kind of had a situation that was wildly the example of financial infidelity. But she's making less than her husband. They got married pretty quickly. He said that he'll pay half the mortgage via Venmo or Zelle. And she had belief in that because she did see that he made more. So her name's on the mortgage.
In my book, there was an example we had of someone who kind of had a situation that was wildly the example of financial infidelity. But she's making less than her husband. They got married pretty quickly. He said that he'll pay half the mortgage via Venmo or Zelle. And she had belief in that because she did see that he made more. So her name's on the mortgage.
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.