“All debt is not created equally”, says Tom Anderson, author of The Value of Debt.
Tom explains why it’s important to eliminate Oppressive Debt, debt with interest rates higher than 10 percent. He also believes it is important to begin investing right away.
Rather than paying off “working debt”, which is low-interest debt like student loans or Miranda’s 1.9 percent car loan, Tom recommends you begin investing to take advantage of compounding early. Too many people use all their money to pay down debt when they should be investing and taking advantage of compounding growth.
Today’s episode is sponsored by BUZZ Index
Today’s guest, Tom Anderson:
Founder of Supernova Companies, Tom Anderson helps people grow wealth while managing lower risk with lending and borrowing.
He has written a suite of books called, “The Value of Debt“, which is the topic of today’s episode.
You can also follow Tom on Twitter @ItsTomAnderson
For a quick bio of each of our show participants, head on over to our panelists page.
About our sponsor, BUZZ Index
Ever wonder if there were a way to capitalize on all of that online chatter made by millions of investors on social media? Well, your wait is over, because now advances in Artificial Intelligence and Natural Language Processing technologies are at your fingertips…. even if you personally don’t use social media! The BUZZ Index, licensed to an exchange traded fund and trading under ticker symbol BUZ, provides investors with a portfolio of securities that delivers a basket of large cap U.S. equities exhibiting the highest degree of positive investor sentiment. No surveys. No guessing. BUZ only tracks what’s volunteered – and if you ARE online, you know that a lot of information is volunteered: millions of posts, comments and blogs are analyzed each month!
Here’s how it works:. First, BUZZ targets the most mentioned large cap U.S. stocks across the Social Media landscape. The more active the conversation, the greater the reliability of the BUZZ.
Each of the most-mentioned stocks is then given an insight score based on BUZZ’s proprietary analytics and the 75 stocks with the most Bullish scores are included in the Index. Each month the BUZZ is tracked to capture the latest Big Data driven insights and then the 75 companies with the most Bullish scores are selected, positioning BUZZ to capture the highest return potential.
Invest in the wisdom of crowds. Visit MoneyTreePodcast.com/BUZZ for more information.