CategoriesActionReframe your thoughtsThink About It

Start Together When Debating

Start together when debating. Ensure you’re both starting from The Alamo. Ensure you both want to get to Times Square. Once you’re clear on where you will start and finish, your discussion will be more fruitful.

Often I begin a conversation with someone and we do not set out the key point in advance. Casual conversations start this way most of the time. It is only when you get to a point where you don’t see eye to eye that any issues occur.

Before getting further involved in those conversations, it can be useful to be clear on what the different perspectives are. When I say to be clear, I mean get quite specific. Most often people will disagree on different points in the discussion. Without being clear and specific, you might think you are discussing the same point. However, I frequently notice that people are talking about the same topic but different points within it.

For example, let’s say the topic was crime. We could even be discussing the idea of whose fault it is that we have crime. Some people will consider it to be the fault of the parents, the person themself, the government for creating the laws, the police for enforcing the laws and a number of other things.

It is best to pick one specific item and discuss it at length. If you start together when debating, you may realise you have more in common then you thought.

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CategoriesFinancialObservePropertyReframe your thoughts

Good Debt

Some words just have a bad connotation. While others are riding high with positive brand awareness. Good debt straddles the middle.

For some, all debt is bad or evil or unnecessary. That is how it sits in the bad camp. However, those in the know about debt are happy to have good borrowings in their portfolio.

Generalisations do not help. Often as we get closer to the specifics of a topic we split off into different perception points. This is helpful. We can then better understand our position. Ideally we wouldn’t carry any debt for any purpose. Although, a little bit of borrowed money to help build a company, buy assets and get your future flowing, can be a good thing.

It is always interesting to me when people react to the word debt. It is a word many people want to clarify, if they do not condemn it straight away.

Many people have a difficult personal story involving borrowed money. It is not uncommon for people to have been in sizeable challenging positions when they were young. And unfortunately it is usually bad borrowing that they have collected.

I am trying to raise the awareness of debt, both good and bad, money, finances and life options. That is why I host Money Mindset Monday at 10:30am UK time on Clubhouse. My co-hosts / co-moderators are great and people get a lot of value.

In the meantime, get to know good debt.

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