You’re Debt Free. Now What?

July 6, 2011 — 2 Comments

http://youtu.be/RkQbe_ThZIk

Ok, you’re debt free. So now what? You’ve got options. You can save, invest, spend, or go back into debt.

A good personal finance plan should include, saving, investing, and giving. Becoming debt free is awesome. And once you get there, don’t be foolish with your money. Have a plan. Stick to it.

There’s real estate, stocks/bonds, or a savings account. Each with a different rate of return and level of commitment. The hardest, but most rewarding, is investing by buying assets that produce cash flow.

Remember, inflation is a tax. If you don’t put your money to work, inflation will rob you of your wealth. Put your money to work for you.

To Your Financial Freedom,
Greg Whitaker

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Greg Whitaker

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Greg is a financial wellness educator, tireless ambassador for financial literacy, and the founder of Debt Shepherd.

2 responses to You’re Debt Free. Now What?

  1. debtshepherd November 19, 2011 at 06:30

    [..YouTube..] @lamarjlp914 Good observation. Typically, when we say debt free we mean no debt on the personal side. Debt on real estate is debt on the “business” side. And when someone is servicing the debt for you (renter making monthly payment instead of you) it’s offset and hopefully allows for some profit. Most regular folks can’t stomach being a landlord. It’s not all gravy. Thank you for the feedback!

  2. lamarjlp914 November 18, 2011 at 22:54

    [..YouTube..] wait, if your debt free you wouldn’t have a mortgage on your real estate property.

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