3120: Debt Can Be A Good Thing - In Moderation by Paula Pant of Afford Anything on Financial Freedom

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 25 April 2025

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3120: Paula Pant challenges extreme attitudes toward debt, showing how both blind borrowing and rigid debt aversion can hurt your financial future. With a nuanced perspective, she explores how strategic debt, particularly in education, can lead to massive returns, but only if you carefully evaluate the risks, opportunities, and real-life trade-offs. Read along with the original article(s) here: https://affordanything.com/debt-is-a-good-thing/ Quotes to ponder: "Both attitudes will make you poor." "It’s much easier to get in debt than it is to get out." "Your house is a lousy investment. But a student loan has the potential to provide amazing returns." Episode references: Georgetown University Report on College ROI: https://cew.georgetown.edu/cew-reports/the-college-payoff/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:31.1	Amazon offers term time working to their employees, like Anton,
0:35.7	who's home to look after his daughters during their holidays.
0:40.3	Hello!
0:41.3	To him, this is the best sound in the world.
0:43.3	Daddy!
0:47.3	Actually, maybe that's the best sound of all.
0:51.3	Now that's term time working.
0:53.3	Offered at Amazon. Ten weeks off guaranteed per year.
0:57.3	Mix of paid holiday and unpaid time off. Conditions apply. This is optimal finance daily. Debt can be a good
1:04.8	thing in moderation by Paula Pan of Afford Anything.com.
1:18.0	There seem to be two prevailing attitudes when it comes to debt, the Bring It On camp and the I won't touch it with a 10-foot pole camp. Here's a secret. Both attitudes will make you poor.
1:25.6	Debt. Bring it on. One camp of people are nonchal on about it. Five-year car loan?
1:32.5	No problem. After all, I can't have a car that breaks down. I rely on my car to get to work. Home mortgage?
1:40.0	Of course. How else are you going to buy a home? Credit card balance? Well, maybe a little.
1:45.6	But there was a sale, and I need a nice suit for my job.
1:49.9	Debt won't touch it with a 10-foot pole.
1:53.6	The other camp of people display a knee-jerk response to the horror stories they hear about others being buried up to their ears in debt.
2:02.5	This camp of people proclaimed to be allergic to debt.
2:05.8	They can't imagine carrying a penny of debt and they won't entertain the idea of it.
	...

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