Welcome to another episode of My Happy Money Journey with Phoebe Blamey! This week, we're lifting the veil on debt and looking at it in a totally new light. Forget the stories of brown rice and Vegemite as you pay off your mortgage—it's time to rethink the "debt is bad" narrative and use it as a tool for building wealth. 🏡💡

In this episode, Phoebe dives into:

• The Real Cost of Debt: Understanding the difference between good and bad debt

• Using Debt to Build Wealth: How leveraging debt for assets and investments can work for you

• Impulse vs Strategy: Why focusing on long-term wealth creation is better than reacting to short-term desires

• Home Loans & Car Loans: How strategic debt can create freedom and peace of mind

• Smart Money Moves: The benefits of investing, leveraging property, and using debt as part of your wealth-building strategy

Phoebe also shares real-life examples of how using debt wisely can change your financial outlook, and why it's crucial to focus on strategic debt over knee-jerk reactions like impulse buying.

So, let's stop feeling guilty about having debt and start thinking about how to use it to level up in life.

Resources Mentioned:

• The Motley Fool article

  https://www.fool.com.au/2024/12/02/heres-the-average-asx-stock-market-return-over-the-last-10-years-and-what-it-means-for-the-next-10-years/

Previous episodes on getting debt-free without losing joy, and shifting your mindset around debt#money #moneymindset #debtfree #womenandmoney #wealth #wealthcreation #makemoremoney

🔗 Links:

• Motley Fool article

• Getting Debt-Free Without Losing Your Joy

• Shifting Your Mindset Around Debt

• More on Investment Types & Strategy Coming Soon!