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- Jan 31, 2023
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I have a few questions about the mention of debt from The Millionaire Fastlane because it was never really elaborated on. These are some points MJ DeMarco makes about debt:
"I take advantage of Banks, Banks don't take advantage of me" in reference to the garnering point rewards from credit cards while describing his reality.
"[Fastlane] Debt Perception: Debt is useful if it allows me to build and grow my system" when listing the Fastlane mindposts.
As someone who grew up following Dave Ramsey's advice, I see debt as undesirable in regards to personal finance. Of course, it's important not to finance a lifestyle on debt as is done on the Sidewalk, but what are some ways a Slowlaner or better yet a Fastlaner can utilize debt as a progressive tool?
"I take advantage of Banks, Banks don't take advantage of me" in reference to the garnering point rewards from credit cards while describing his reality.
"[Fastlane] Debt Perception: Debt is useful if it allows me to build and grow my system" when listing the Fastlane mindposts.
As someone who grew up following Dave Ramsey's advice, I see debt as undesirable in regards to personal finance. Of course, it's important not to finance a lifestyle on debt as is done on the Sidewalk, but what are some ways a Slowlaner or better yet a Fastlaner can utilize debt as a progressive tool?
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