In this episode of the podcast, we talk about debt. Considering that debt and liabilities form 50% of our personal balance sheets, this is one of the most underrated and taboo subjects in personal finance - especially in Southeast Asian culture. We address this topic with help from Stephanie (@stephie.kondo) who hails from the real estate sector. A much-needed insightful look considering that real estate can range anywhere between 20-60% of an average person's cash flow - which is often the biggest form of debt we have.

Timestamps
00:04:05 Debt - Friend or Foe? Is debt bad?
00:11:47 Why is debt important to your personal finance?
00:29:03 "The kinds of debt - Mark to market, credit cards, interest-free loans, cash flow loans, home loans"
00:45:09 The different types of debt structures - from credit cards to tailor-made collateralized loans
00:56:54 Homes - the role of debt
01:15:26 Debt's impact on asset prices.
01:36:39 How much leverage should you take?
01:54:33 Debt and currency exchange rates - how do currency exchange rates impact your loan size?
02:04:39 Debt and interest rates - How fixed and floating rates impact your structure?
02:20:32 How to make debt work for you?
02:35:36 Creating a good track record to draw down debt
02:37:15 Q&A: Where are we heading to? If debt continues to increase & property prices keep going up
02:48:55 Q&A: How to avoid housing loan debt?
02:59:25 Q&A: Interest rates are going up - take a mortgage loan now or later?
03:06:20 Conclusion

If you had enjoyed this podcast, consider following us here and on YouTube, at https://www.youtube.com/channel/UCeQhdz4jPx1RYHuFzHUkE_Q

We are both on Instagram at @booksnstonks and @aarongoesglobal, and do remember to follow our guest, Stephanie; @stephie.kondo on her valuable insights on real estate matters - especially if you are from Kuching