In the 28th episode of the “Heart of Money” podcast, host Austin Blog and guest Bob Wessler explored the risks involved in debt and investment. They discussed factors that determine whether one option might be less risky than the other, admitting there’s no definitive answer. The conversation examined debt versus investment from a long-term perspective, such as when one purchases real estate or makes retirement plans. The hosts underlined the importance of making considered decisions guided by understanding the market, emotional, logical, and economical parts, and avoiding impulse purchases. They warned about the risks in both debt and investment, advising listeners to seek wise counsel when making significant financial decisions. The episode ended with a call to listeners to engage in social media discussions, rate the podcast, and look forward to the next episode on personal finance learning.

Key Points and Quotes Highlighted:

  1. Money management, Debt, Investing, Risk assessment (00:00:00 – 00:01:42)
    In the Episode 28 of the “Heart of Money” podcast, host Austin Blog and guest Bob Wessler discussed the relative riskiness of debt and investing. They explored various factors and considerations involved in deciding which option might be less risky or preferable for individuals. Though they admitted there’s no definitive answer, they emphasized the value of this topic in making informed financial decisions. Listeners were invited to join the discussion on the podcast’s Facebook page, further exploring whether incurring debt or investing in markets is perceived as riskier.

  2. Podcast, Debt, Investing, Risk assessment (00:01:46 – 00:42:44)
    In the podcast, Austin and Bob discuss the topic of debt versus investment from a long-term perspective, especially in situations like purchasing real estate or planning for retirement. They highlight the considerations that should guide such decisions, including understanding the market, considering the emotional, logical, and economical aspects, and avoiding impulsive purchases driven by emotions. They emphasize the importance of ​​having a sound mathematical decision and understanding the potential long-term results. Austin and Bob also caution on the risks of both taking on debt and investments, with the understanding that one is not always superior to the other. They suggest seeking wise counsel when making significant financial decisions and not going it alone. The hosts agree that this topic needs more attention and invite listeners to provide feedback for future, more in-depth discussions.

  3. “Money management”, “Asset acquisition”, “Risk assessment”, “Opportunity cost” (00:42:46 – 00:44:05)
    The team debated two financial strategies, contemplating their comfort levels, knowledge, and weighing opportunity costs and emotional and logical factors. One approach involves taking on debt to acquire an asset and pay off subsequently, and the other presents the risk of potential marketplace loss or missing the chance to buy the asset later in life. This discourse aims to increase the collective understanding of money management. While they’ve just initiated exploring this topic, it promises to offer multiple angles. The discussion concluded with a request to followers to interact on social media, rate the podcast, and anticipate the next episode about personal finance learning.

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