Are emotions holding you back from growing your wealth? Are you making objective decisions regarding your wealth or is it possible that you’re like most business owners, entrepreneurs, and investors. Emotions creep into your decision making and are preventing you from achieving more?
In this episode of Canadian Wealth Secrets, Kyle Pearce and Jon Orr dive deep into a common struggle many Canadians face—how to utilize good debt while keeping emotions in check. It's easy to feel conflicted about leveraging assets, especially when interest rates rise and financial advice warns us to pay off debt. However, avoiding strategic leverage could mean missing out on compounding wealth over time.
This episode is tailored for those trying to balance emotions with rational financial decisions, particularly in times of economic uncertainty. Whether you're thinking about downsizing, borrowing against an asset, or wondering if higher interest rates are a reason to sell, this conversation sheds light on how long-term wealth is built, even when rates fluctuate.
Don’t let emotions stop you from growing your wealth—tune in to this episode and start leveraging smarter today!
Learn creative, tax compliant strategies that you should be using now: https://canadianwealthsecrets.com/discovery/
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In this conversation, Kyle Pearce and Jon Orr discuss the concepts of good debt versus bad debt, the impact of interest rates on wealth accumulation, and the emotional barriers that prevent individuals from leveraging their assets effectively. They emphasize the importance of understanding how debt can be used strategically to build wealth, particularly in the context of rising interest rates and inflation. The discussion also highlights the common misconceptions surrounding debt and the need for a mindset shift to embrace leverage as a tool for financial growth.
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Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.