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In today’s episode, Bob goes through some of the basic types of common debts, such as credit cards, student loans, and home mortgages.
He explains how the difference between personal debt and business debt allows you to grow your wealth or shrink your wealth.
For example, why does any business owner have a personal mortgage? This is a tax liability to a business owner. Instead, they should have access to equity through a home equity line of credit.
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