Debt Dr 911

#1 Tip To Chart Your Own Course To Financial Freedom


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Welcome to episode 3 of Debt Dr 911. In today’s episode, your hosts Dr. Chris Heeb and financial expert Richard Schaffer will discuss the common limiting beliefs most Americans have about their mortgages. They will teach you how to rescale your perspective to think long term so that you can achieve financial freedom sooner than you ever thought possible!

Most Americans are comfortable being stuck in their mortgages for decades. The banks and lenders have taught us that it is beneficial to stay in debt because it brings tax benefits. While it is possible to have some write offs, the costs outweigh the benefits by a ton.  According to Richard, there is no reason to stay in debt longer than you need. You will find yourself miles ahead when you don’t have any debt at all. 

Tune into this week’s episode of Debt Dr 911 to learn how you can get out of loanership and transform to ownership of your money!

Quotes:

  • “You do not create a debt, or maintain a debt for the pure benefit of tax deductibility because there is still a real cost.” (04:45- 04:53) 
  • “Long term, college planning, retirement planning, etc. are things that are going to require REAL dollars. The quicker I can expire those debts, the more dollars i can drive towards those objectives”  (07:03- 07:17
  • Links:

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    Debt Dr 911By Chris Heeb