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1. Go to school⁣
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2. Go $30K-$200K in debt⁣
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3. Get a “job” to pay off the debt you just accumulated⁣
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4. Get deeper into debt by getting a car to drive to your job that was supposed to pay off your debt⁣
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5. Get deeper into debt by getting a house so you can sleep after being exhausted from all your debt-paying activities⁣
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6. Get married⁣
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7. Have kids⁣
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8. Work through retirement until you die to pay off debt doing something you hate⁣
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𝙏𝙝𝙞𝙨 𝙞𝙨 𝙬𝙝𝙖𝙩 𝙄 𝙘𝙖𝙡𝙡 “𝙏𝙝𝙚 𝘿𝙚𝙗𝙩 𝙏𝙧𝙖𝙥.”⁣
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Where you’re so entrenched in debt and so confused about how to escape, you’re in a trap.⁣
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Thankfully, debt isn’t always a bad thing.⁣
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There’s Good Debt, and Bad Debt.⁣
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You may be thinking, “What!? There’s GOOD Debt?”⁣
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Crazy, right?⁣
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So what’s the difference?⁣
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𝐆𝐨𝐨𝐝 𝐃𝐞𝐛𝐭 𝐈𝐬 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐈𝐧 𝐓𝐡𝐢𝐧𝐠𝐬 𝐓𝐡𝐚𝐭 𝐌𝐚𝐤𝐞 𝐘𝐨𝐮 𝐌𝐨𝐧𝐞𝐲⁣
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A mortgage from the bank to invest in investment property.⁣
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An online course that could increase your skills so you can deliver more value to the marketplace.⁣
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Borrowing money from the bank to hire more employees or buy more equipment to expand your business.⁣
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𝐁𝐚𝐝 𝐃𝐞𝐛𝐭 𝐈𝐬 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐈𝐧 𝐓𝐡𝐢𝐧𝐠𝐬 𝐓𝐡𝐚𝐭 𝐂𝐨𝐬𝐭 𝐘𝐨𝐮 𝐌𝐨𝐧𝐞𝐲⁣
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Car loans.⁣
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Payday loans.⁣
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Credit card debt.⁣
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Personal debt.⁣
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Personal consumption.⁣
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Other types of debt that are for personal pleasure that don’t generate money.⁣
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So here’s the question that everyone’s wondering right now:⁣
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𝙄𝙨 𝙨𝙘𝙝𝙤𝙤𝙡 𝙂𝙤𝙤𝙙 𝘿𝙚𝙗𝙩 𝙤𝙧 𝘽𝙖𝙙 𝘿𝙚𝙗𝙩? ⁣
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Well, if you go deep into debt to go to school to “find out what you like” and “find yourself”, is that really a good idea?⁣
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And what happens to people who do that?⁣
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They get a Bachelor Of Arts degree. ⁣
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Or they party every weekend for their entire 4+ years of college until they’ve graduated.⁣
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And the only thing that’s changed is they now have:⁣
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1. Crippling debt⁣
2. Liver damage⁣
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It may be fun, but being $100K+ in debt in exchange for liver damage and faded memories of crazy parties is definitely not… ⁣
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…and I’m sure you don’t need me to tell you that.⁣
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However, school can be Good Debt.⁣
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Don’t you think it’s a good idea if you go to learn a highly profitable skill?⁣
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For example, a surgeon. Doctor. Lawyer. Accountant. etc.⁣
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These are all highly paid professions because they take REAL skill.⁣
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And the bigger problems you solve with that skill, the more you get paid.⁣
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The problem is, people don’t think of it that way.⁣
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What do most people do to escape their debt? ⁣
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They decide to become an “entrepreneur.” ⁣
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They’ve been sold this fat lie that being an “entrepreneur” is easy. ⁣
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That they should start their own business. ⁣
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And that it only takes a few months to get stupidly rich.⁣
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They change their Facebook profile and Instagram bio from “unemployed” to:⁣
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“CEO at [their name].com” or “entrepreneur” or “digital nomad”.⁣
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They have no skills to make the business work!⁣
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And worst of all, they invest money they don’t have in a business idea that’s not proven.⁣