Does Debt Actually Have Value?

Conventional wisdom says that if you want to be in good financial standing, you need to be debt free. However, is all debt bad? If you take into consideration tax breaks and liquidity, can debt be considered financially sound? Tom Anderson, CEO of Supernova Companies and author of The Value of Debt: How to Manage Both Sides of a Balance Sheet to Maximize Wealth, shares his financial philosophy which revolves around balance. Tom argues that debt may have long-term financial gain because debt gives someone liquidity and flexibility. He also breaks down debt into three groups and warns about oppressive debt. Should you pay your mortgage off? Listen to what Tom has to say.

Losing a spouse is life-altering. But does it need to change your financial status? Death opens up unforeseen heartaches, and Doug has created a comprehensive financial guideline for widows and widowers called Answers to Tough Financial Questions for Widows & Widowers. Free resource: Answers to Tough Financial Questions for Widows & Widowers Learn more about Tom Anderson by reading his book The Value of Debt: How to Manage Both Sides of a Balance Sheet to Maximize Wealth or follow him on Twitter. If you’re not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug’s free ebook The Retirement Planning Book.