Mar 1, 2016
In this episode your host, Tony D'Angelo, tackles a topic that he is intensely passionate about: Financial Education, especially Financial Education for HE Pros, especially Financial Education those HE Pros who have debt... which sadly these days is the vast majority of HE Professionals in American Higher Education today. In this episode Tony covers the Four Stages Of Wealth:
Financial Dependency: Economic Infancy
Financial Growth: Economic Childhood
Financial Independence: Economic Adulthood
Financial Abundance: Economic Maturity
The key insight from today's show: Pay off your debt before you invest in your retirement. In other words, before you attempt to increase your assets, first focus on decreasing your liabilities. Over time, you will be able to transform your debt into wealth.