Michelle L. Williams
Independent Insurance Broker
Michelle L. Williams
Independent Insurance Broker
(478) 259-7333 (Main Number)
(888) 245-0176 (Fax)
(478) 259-7333 (Main Number)
(888) 245-0176 (Fax)
TWA Financial Freedom Program
TWA Financial Freedom Program
The Williams Agency has launched a new service to our business. Our clients have asked and we have delivered!
Our Financial Freedom Program is designed to assist families in paying off their debts faster while accumulating capital over time. We have helped many families protect their asset through our tax free programs. Watch the video below to learn more!
Debt is a Big Deal. Here's How to Use It Wisely
Debt is a Big Deal. Here's How to Use It Wisely
evaluate your opportunities, and meet with a licensed and qualified financial professional to see what good debt would look like for you.Debt must be respected. If you don’t take it seriously, it could derail your finances for good.
But while debt is no joke, it’s not necessarily bad. If handled wisely, debt can help you reach financial milestones and provide for your family.
It all starts with understanding the difference between good debt and bad debt.
Good debt is debt that you can afford and that can help you build wealth.
Think of it like this—often, you need to spend money to make money. But what if you don’t have mountains of cash to throw at every opportunity that comes your way?
That’s where good debt can help. It can give you the cash you need to seize opportunities like…
- Starting a business
- Buying a home
- Getting an education
Those can help you boost your income, purchase an appreciating asset, or increase your earning potential. And as long as you’ve done your homework and can afford your payments, good debt can help you leverage those opportunities with no regrets.
Bad debt is the exact opposite—it’s borrowing money to buy assets that lose value. That includes…
- Cars
- Video games
- Clothes
Debt can simply make these items more expensive than they already are. And what do you get in return? Nothing. Just more bills.
So if you find yourself borrowing money to buy things, stop and ask yourself: Am I making an investment? Do I think the value of this purchase will increase? Or am I simply spending because it feels good?
Here’s the takeaway—debt is a powerful tool that can be good or bad. Handle it wisely, and it can help you build businesses, buy homes, and increase your earning potential. Handle it carelessly, and you can cause serious harm to your financial stability. So do your homework, evaluate your opportunities, and meet with a licensed and qualified financial professional to see what good debt would look like for you.