Welcome to Musicians Tip Jar where we talk about musicians and money. Here we believe that the only thing that shreds a guitar player's confidence in their career choice more than Eddie Van Halen is Debt. I’m your host Chris Webb joined by my co-host and the guy who once had a mullet that would even make Eddie Van Halen blush, Dave Tamkin.

Quote:
"There are three kinds of people: the haves, the have-nots, and the have-not-paid-for-what-they-haves." - Earl Wilson

“Good debt is a powerful tool, bad debt can kill you.” -Robert Kiyosaki

Today we dive deep into the depths of debt including its dangers and its desirability including our take on Debt do’s and don’ts. Will be back with all that and less D words,

World Music Development was established in August of 2012 and received its 501-c-3 nonprofit status in May of 2018. We are operated by a volunteer member board of directors with a vision to create global peace through music. To continuously strive towards this vision, our mission is to improve and enhance communities with music, through worldwide artist partnerships, music programs, and nonprofit support. https://worldmusicdevelopment.org/

We are defining bad debt as debt that doesn’t not increase your net worth like assets do. These are things like Credit card debt, Car debt, Student loan debt, and personal debt. Staying in these types of debt costs you in so many other ways as you could be using that money for much better things like growing your business and investing for your future.

Action:
List and add tally all your bad debts one a single page listing them from largest to smallest and create your plan on how you are going to get rid of it and how long it will take. For 99.9% of people this timeline will be 2 years or less.


Ways to connect with us:
Musicians Tip Jar.com
Musicians Tip Jar@gmail

Intro & Outro Music Donated by: The Magi https://www.themagimusic.com 

Intro Read by: David “DJ” Lee of The Magi
https://soundcloud.com/rockababyrock 

Pictures by: Kit Chalberg https://kitchalberg.com/