The Cardone Zone

477: Three Things to Know About Debt

03.04.2019 - By Grant CardonePlay

Download our free app to listen on your phone

Download on the App StoreGet it on Google Play

With $422 billion in credit card debt, $1.27 trillion in auto debt, and mortgage debt of $9.1 trillion, America is drowning in debt. But what’s worse than debt? Dead money! Dave Ramsey won’t teach you this, but America is drowning in not only debt, but dead money. From the $9.1 trillion in mortgage debt, over $5 trillion of that is stuck in equity. That’s dead money, and that’s the biggest problem. Here are 3 things to know about debt today:

More episodes from The Cardone Zone