Myth Buster: Debt Is Bad

Mark Winship is joined by Emily Smith to discuss the commonly-held myth that debt is bad. As they discuss, debt isn't always a bad thing, and may require an adjustment when it comes to mindset... KEY TAKEAWAYS Changing our mindset about money isn't just a property issue. It should be a business issue. Money is a tool, and some debt can be far more useful than constantly saving in order to invest. There is a systemic belief that life should be spent saving, mortgages should be paid off, and debt should be avoided at all costs. Good debt is manageable debt that we take on in order to provide assets that subsequently provide income and generate assets for life.  BEST MOMENTS 'We are told that debt is a bad thing' 'The issue stems from a lack of financial education' 'Debt to fund your lifestyle is bad'  VALUABLE RESOURCES This Property Life - https://podcasts.apple.com/gb/podcast/this-property-life-podcast/id1540075591        Property Wealth System YouTube - https://www.youtube.com/c/PropertyWealthSystem  ABOUT THE SHOW This Property Life is hosted by the team at Property Wealth System. We are a collective of experienced active investors passionate about all things property. Mark Winship is an experienced property investor and mentor with a portfolio of HMO and Serviced Accommodation properties across the UK. Mark’s background in coaching high performance athletes has lead to a passion for mentoring people to achieve their life goals using property investment as a vehicle. Caroline Claydon Caroline Claydon has over 22 years experience in investing in property but it’s only the last 12 years she’s operated as a professional investor.  Her and her husband have built their portfolio throughout the UK covering strategies from buy to let’s, social housing, HMOs, developments and more recently a hotel.  She has travelled the world training people for the last 10 years on how to invest, scale and accelerate their UK property businesses regardless of where they are based.   Caroline loves helping people reach their full potential by changing their mindsets to money, debt, property and investing.  James D’Souza started investing in property from a young age and now owns a significant portfolio of buy-to-let properties, professional HMO’s and commercial developments. Whilst actively growing his own property business, James helps countless other people start and scale their own property journey. CONTACT METHOD You can join Mark, Caroline and James along with a whole host of other like-minded investors in the Property Wealth System Facebook Community: https://www.facebook.com/groups/propertywealthcommunity Mark Email: [email protected] Mark Linkedin: https://www.linkedin.com/in/mark-winship-68b34833 Caroline Email: [email protected] Caroline Linkedin: https://www.linkedin.com/in/caroline-claydon-property/ James Email: [email protected] James Linkedin: https://www.linkedin.com/in/james-d-souza-552342104/This show was brought to you by Progressive Media