Jeff Williams
speaker
368 appearances
3 recordings
1 series
first heard Jun 2026
last heard 6 Jul
Jeff Williams’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Jun 2026 with 2.
Appearances
It's similar to what we teach in the, in the baby steps.
It's get your debts paid off as fast as you can.
Don't run ahead of it so far as to put yourself in harm's way if the economy were to take a downturn or you were to lose a big account.
Be smart about it, but go about it.
Run at it with gazelle intensity and run at it as fast as you can because the quicker you do that, the quicker you get to take those handcuffs off and get all that breathing room back that you didn't have.
All the times that you'd spend late nights and weekends thinking about, I got to talk to my banker on Monday.
I don't know what they're going to think about this because we can't make our loan payment again this month.
All that stuff's gone.
You don't answer to anybody other than yourself.
What I mean by that is if you empty your bank account every month for the purpose of paying off your debt, that's too far.
You've got to leave yourself some room, leave yourself some kind of wiggle room there of cash in case something goes wrong, in case that piece of equipment blows up, in case you lose a big account.
You want to go at it in a measured way as fast as you can and not just abandon all the normal responses to keeping good reserves for your business.
And a lot of that is like rainy day funds and those kinds of things.
But do it in a measured way and pay as much as you can as fast as you can.
And don't go too far, though, because you don't want to put yourself in harm's way.
I would not put a bunch of money into retained earnings if I have debt.
I would put as much of that toward the debt as I can because I'm going to make it back much faster once that debt's all gone.
Today, a portion of every dollar that comes in, part of it has to go to pay the debt, part of it gets to be retained.
If you can make it, if you can, again, do it in a methodical way that keeps you with enough cushion to where if something blows up, as I said earlier, I would throw every single thing that I can at that debt and minimize what I'm putting into retained earnings because retained earnings is just sitting there.
It's not doing anything for you and your interest that you're paying on your debt is way more than the interest you're gaining on that money sitting in retained earnings.
Showing 61–80 of 368 · page 4 of 19
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