Smart vs. Dumb Debt: Are You Building Wealth or Burying It?

Let’s talk about something we all face but few want to examine closely: debt.

Not all debt is created equal. Some can be a tool — a form of leverage that helps you build wealth. But dumb debt? That’s a leak in your financial boat, and it can quietly sink your future.

You Know Dumb Debt When You See It:

• Credit cards carrying a balance month to month?
  Dumb debt.

• Retail charge cards you opened for a one-time discount, but now carry high interest?
  Dumb debt.

• That second mortgage you took out just because the equity was available… and you don’t even remember what you did with the money?
  That’s not leverage — that’s a loss.

Here's the Good News:

We’ve all made those mistakes.
But the beauty of financial freedom is this:

You get to draw the line — today.

Start asking yourself:
“Is this debt helping me build wealth… or bury it?”

The Challenge:

Take a look at every debt you carry and label it:

• ✅ Smart

• ❌ Dumb

Then make your next move:

• Cut the dumb.

• Double down on the smart.

Ready to Make a Shift?

Connect with us, sign up for our free weekly newsletter, and start building your Millionaire in Your Own Backyard strategy — today.

Let’s make debt work for you, not against you.