Making Debt work for you! | The ThinkerNick Podcast - Episode 9 |

Business Start Ups, Business Insights, Beginner Entrpreneurial Advice, Personal & Self Development

I help people to find their purpose, build confidence in themselves and realize their true potential.

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In this short Episode we talk about credit and the benefits of having a credit card. Nick opens up about an investment that he made which didn't quite work out so we discuss why people may be so reluctant to spend money on credit and why it seems like such a scary thing for people to do. We ask the question weather, given Nick's current situation, can credit make him wealthy and we elaborate on the relationship between creit and cash flow. Finally we touch on the correct mindset to have when spending on credit and how specific strategies of spending could benefit you in the future.

--TIMESTAMPS--

0:00 - Introduction

0:50 -What is credit?

3:50 - Why are people so scared to get into debt?

4:52 - Credit Rating/Score

6:25 - Nicks experience with a retirement fund

7:20 - Should you invest with credit?

9:25 - The cost of capital

10:40 - How to make credit/debt work for you

13: 38 - Asset Finance

16:00 - Ways to find property investment

18:05 - The correct mindset when managing debt

21:42 - Is there a way to make debt work in your favor

25: 50 - Outro

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