Debt Financing Explained! Real Estate Investing, Money, Finance, Debt, Leverage, Interest Explained

This class is built for you to understand different types of debt financing. 80% of Americans have debt and that's another reason why this class was created.

We will dive into the following types of debt:

• Credit Card Debt
• Auto Debt
• Mortgage Debt
• I am creating a separate class for school loan debt as this is a complicated subject

Like all of my classes this is interactive so you'll be working on the attached spreadsheet to learn how:

• Daily compounding interest works on credit cards
• Loan amortization schedules work for both auto and home loans
• Be able to decide if a cash back or 0% interest financing offer is better for cars

At the end of this class you will:

• Understand banks' incentives for you to get a loan (they make a lot of money off of you)
• Understand how the different types of debt financing work - credit cards vs. auto loans vs. home loans
• The Pros and Cons of each type of debt
• Myths of Personal Finance 
  • Do you really own your home?
  • Do you have to keep a balance on a credit card to build your credit?

I hope you enjoy my class as this is my dream job! Helping average people like you and me control their finances, earn their financial freedom and live a stress free life!

• Intro to Debt Financing
• Define Debt
• Incentives for Banks
• Incentives for Banks Explained
• Credit Card Pros and Cons
• Credit Card Compounding Interest
• Promotional Interest Rate Comparison
• Credit Card Takeaways
• Auto Loans
• Auto Loan Amortization
• Cash Back or 0 Percent
• Home Mortgage Intro
• Understand Mortgage Inputs
• Understand Mortgage Outputs
• Total Investment in a House
• Int Rate vs APR
• Outro to Debt MP4