I felt like this is something worth addressing, given just how much mis-information there’s been surrounding a few of the recent videos I’ve made. This is why I have $1.8 million in debt - enjoy. Add me on Instagram: GPStephan
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Now, while some of you might understand the nuances of money and grasp the bigger picture, its become very evident that MOST people out there, do not. Instead, they just focus on one, single word: DEBT.
To be honest, this isn’t surprising to me, because we live in a culture which both glorifies and vilifies the act of borrowing money…On the one hand, if there’s something you want…doesn’t matter if you can’t afford it…you can finance it. But with that, comes some very scary consequences…
Consumer debt reached an all time high, of $4 Trillion Dollars
From that, $1 Trillion Dollars is charged to a credit card…
And to top it all off, nearly 70% of college students graduate with nearly $30,000 in student loans
So how do we solve this, and what’s the solution? Well, most people believe it’s by practicing one basic rule when it comes to managing money:
DEBT IS BAD. AVOID IT, ALWAYS.
See, when I think of debt, I see a game of life that you choose to play…and you have the option, right now, to pick which team you want to join.
One team plays defense.
The other team plays offense.
The people who believe that “DEBT IS BAD” will pick defense.
They avoid it at all costs, any amount of debt needs to be paid off immediately, and they want to preserve as much of what they already have as possible. Instead of playing to win, they play NOT to lose. And while that is a very SAFE strategy…without any offense, they won’t score.
On the other side though, we have OFFENSE.
They embrace debt, they don’t concern themselves with paying it off early, and they just want to score - even if that means risking the game in order to do that. These are the people who PLAY TO WIN….and while this is a RISKY strategy that could pay off, without a good defense, they could just as easily lose.
However, ANY well-calibrated team is NEVER one, or the other…it’s NEVER an ultimatum, and no one team JUST plays offense, or JUST plays defense…instead, the best teams in the world find the ideal strategy of combIning BOTH into a winning formula. Same applies with DEBT.
To me, this is what that winning combination is:
If the DEBT cannot make you money, AVOID IT - ALWAYS.
If buying something WILL NOT make you more money - then ONLY BUY IT if you can afford to pay for it outright.
On the other hand,
If DEBT WILL make you more money, EMBRACE IT. SOMETIMES.
If buying something WILL make you more money - it’s OK to finance it - SOMETIMES.
That’s the differentiation between good, and bad debt:
I do not take out loans on real estate speculation, I do not spend the loaned money on anything that doesn’t make me more money. I do not take loans that a bank can randomly “Call” if the value declines. I do not take on loans that I couldn’t already afford to pay if the properties are vacant. And I do all of this within my means.
If you have the education, the self control, and the persistence to make smart, calculated risks - using debt can be like playing an intense game of offense. But if you abuse it, waste it, and get caught in the cycle of random consumer spending of random crap - you WILL get burned. Don’t be reckless, don’t get greedy, and don’t over-leverage…play it safe, take it slow, continue learning, and pretty soon you’ll be $1 million dollars richer, and smashing the like button with leverage..
For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at GrahamStephanBusiness @gmail.com

By Stock Chat

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32 thoughts on “The reason i m $1.8 million in debt”
  1. Avataaar/Circle Created with python_avatars larry zan says:

    How are u soo smart when u were not smart in school

  2. Avataaar/Circle Created with python_avatars content King says:

    Cashflow debt

  3. Avataaar/Circle Created with python_avatars cheran ramesh says:

    My question is why did the original comment question mortgaging a home, who is buying a $600k home in cash

  4. Avataaar/Circle Created with python_avatars MrMan 229 says:

    the metaphors in this video are so good! hahhahahhaha

  5. Avataaar/Circle Created with python_avatars Paul Bowden says:

    true.

  6. Avataaar/Circle Created with python_avatars Isabelle Mayer says:

    If been trying to Lear more about debt but the only thing I can focus on is why is there a b in debt?

  7. Avataaar/Circle Created with python_avatars Christopher Griffith says:

    Great video!!

  8. Avataaar/Circle Created with python_avatars RITIK RITIK says:

    What if the match Get cancelled?

  9. Avataaar/Circle Created with python_avatars MAGA Mike says:

    Low interest debt is a powerful vehicle to wealth creation. New Zealand rates are 2.3% and my rental properties get more than 3 times that.

  10. Avataaar/Circle Created with python_avatars Alyssa Marek says:

    Really want to see him talk with Dave Ramsey. I’ve listened to a lot of Dave Ramsey and I could here him screaming in my head this entire video. A debate between the two of them could be awesome.

  11. Avataaar/Circle Created with python_avatars Christopher Lewis says:

    Keep it up 👍

  12. Avataaar/Circle Created with python_avatars j says:

    some people saying he’s rich but he owns one jacket, that he makes his own coffee, this and that. y’all do realize y’all waste your money, that’s why you can’t save some to get somewhere with it. he has saved his money and takes care of it, which is why he is rich.

  13. Avataaar/Circle Created with python_avatars L G says:

    the borrower is slave to the lender. Plain and simple. If you can't buy it cash. You can't afford it.

  14. Avataaar/Circle Created with python_avatars Richard Lampman says:

    So what do you do if the bank calls the loan ?

  15. Avataaar/Circle Created with python_avatars Yury Hurynovich says:

    Hi Graham, Could you give a tip how to qualify for a new mortgage when you already have few properties?

  16. Avataaar/Circle Created with python_avatars Dominick Oquin says:

    Ty.

  17. Avataaar/Circle Created with python_avatars A W-B says:

    💯💎💎💎🎯🎯

  18. Avataaar/Circle Created with python_avatars Alexander Zamani says:

    ok but you can be over leveraged too,

  19. Avataaar/Circle Created with python_avatars Boilermaker86 Trains says:

    Yes ! Love this video!

  20. Avataaar/Circle Created with python_avatars nelson ang says:

    after learning more about how youtube works, i left the ads running without watching so you can get some of the ad $$$ 🙂

  21. Avataaar/Circle Created with python_avatars No name no lastname says:

    🙁

  22. Avataaar/Circle Created with python_avatars Salabh S.G says:

    On the bright side, i have no debt. On the dark side, i have no property, vehicle anything. Only a 11000$/annum job. It's splendid for a decent living, without owning anything.

  23. Avataaar/Circle Created with python_avatars Omad Lion says:

    Graham is the best friend we all wish we had

  24. Avataaar/Circle Created with python_avatars matt bugg says:

    Haha if someone will give you 1.8 million in debt they know you are good for it. Thats amazing means you are worth 1.8 million

  25. Avataaar/Circle Created with python_avatars radek79 says:

    In his inflation mortgage example, wouldn't ainvesting somewhere else and keeping the loan also be subject to inflation? The -2% would be offset by 2% inflation of his other investment, right?

  26. Avataaar/Circle Created with python_avatars William Saul says:

    No one:

    No one:

    Me (Denzel’s voice): “This is chess. This ain’t checkers”

    Dude you’re a savage.

  27. Avataaar/Circle Created with python_avatars Steven Yong says:

    Crap… but i like it

  28. Avataaar/Circle Created with python_avatars wayne miller says:

    Hi Graham, Are you ever planning to be debt free?
    I'm happy I have found this video of yours. I've seen so many since subscribing and smashing, but I've been curious about your debt load. I appreciate how transparent you are and I'm glad you can pay off much of your debt at any time. I was $1.2m in debt and living rent check to rent check. Leverage for me was at times quite stressful and I don't miss it. However if the right deal came along I would consider borrowing again. It took me 11 years and cost me one foreclosure to finally be debt free. Life is pretty relaxed for me now at 60.

  29. Avataaar/Circle Created with python_avatars arts freak says:

    good video thanks.

  30. Avataaar/Circle Created with python_avatars Ibraheem .J says:

  31. Avataaar/Circle Created with python_avatars Demetri T. says:

    Graham Stefan, can you be my mentor? I'm looking for mentorship.

  32. Avataaar/Circle Created with python_avatars Mbbo Bruh says:

    Watching this video today and grant cardone king of leverage is suffering lol dave ramsey 1 debt 0

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