On this episode of the Passive Property Investor podcast, Jerry Parker discusses the concept of good debt versus bad debt. Bad debt includes purchases like jet skis, cars, holidays, and credit card debt, which do not appreciate in value. Surprisingly, Jerry points out that your home loan can also be considered bad debt as it doesn't help build wealth. In contrast, good debt is used to acquire assets that increase in value over time. Jerry emphasizes the importance of understanding the difference between the two to make informed financial decisions in property investment.

Ready to conquer bad debt and build wealth in your investment strategy? Learn with Jerry's Expertise! Book a FREE strategy call now: https://sales.capgrowth.com.au/booking-page344911277544654113654433

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Timestamps:

00:00:00 - Introduction

00:01:03 - Examples of Bad Debt

00:01:55 - Defining Good Debt

00:02:48 - Property Investment Strategies

00:03:09 - Using Offset Accounts to Manage Debt

00:04:04 - The Rent Investor Strategy

00:05:18 - Lifestyle Impact of Home Ownership

00:07:50 - The Power of Leverage in Property Investment