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477: Three Things to Know About Debt

With $422 billion in credit card debt, $1.27 trillion in auto debt, and mortgage debt of $9.1 trillion, America is drowning in debt. But what’s worse than debt? Dead money! Dave Ramsey won’t teach you this, but America is drowning in not only…

With $422 billion in credit card debt, $1.27 trillion in auto debt, and mortgage debt of $9.1 trillion, America is drowning in debt. But what’s worse than debt? Dead money! Dave Ramsey won’t teach you this, but America is drowning in not only debt, but dead money. From the $9.1 trillion in mortgage debt, over $5 trillion of that is stuck in equity. That’s dead money, and that’s the biggest problem. Here are 3 things to know about debt today:

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Grant Cardone is an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media and finance. His five privately held companies have annual revenues exceeding $100 million. Forbes named Cardone #1 of the "25 Marketing Influencers to Watch in 2017".

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