00:00 Intro to Cash Is A Liability
01:44 Cash is a Liability Credit is an Asset
02:24 The Majority of Our Economy is Made up of Credit
03:41 Convert Cash into Debt
06:13 The Balance Sheet Cash vs Debt
In this episode I flip the conventional way of thinking about money on its head and demonstrate how cash is a liability and debt can be an asset. Because cash is getting worth less over time, the government taxes earnings and it has no inherent value, you want to convert you cash into multiple times its value by getting debt and buy a business or rental property in order to put your money to work, avoid paying taxes and take advantage of inflation.
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