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In this episode, the conversation between the hosts primarily revolves around financial literacy, specifically the strategic usage of credit cards and understanding the implications of credit utilization. TonyTheCloser and Officer Eli assert that credit cards if wielded correctly, can serve as a powerful instrument of financial growth rather than merely being a means for making purchases. They introduce listeners to 'good debt' versus 'bad debt.' Their arguments suggest that 'good debt' can facilitate financial independence, provide opportunities for investments, and allow for the expansion of personal or business ventures. Conversely, 'bad debt' could potentially entrap individuals in a downward spiral of financial instability and hardship. One of the crucial principles elaborated in their discussion is credit card utilization. They stress that maintaining a credit card usage below 30% of the credit limit is favored by credit card companies. High utilization, they caution, can adversely affect a person's credit score. This credit score is a critical determining factor when individuals seek funding or loans from financial institutions. It provides a snapshot of an individual's creditworthiness, influencing lenders' decision-making. When considering the FlippingNJ Saga, which appears to relate to a series of real estate investment incidents in New Jersey, these principles of credit utilization and discerning between 'good' and 'bad' debt can be exceedingly relevant. A solid credit score can ease the path to securing substantial funds required for real estate investments. The conversation then shifts to the realm of macroeconomics. Officer Eli underscores the significance of cognizance of macroeconomic fluctuations during the economic boom and bust cycles. This knowledge can empower investors to make strategic decisions about when to invest and retract, potentially safeguarding them from severe financial losses. They suggest the book "The Creature from Jekyll Island" by G. Edward Griffin to the listeners. This book is renowned for its profound exploration of monetary policy, credit creation, and the intricate mechanisms of the economy. In essence, this Get Yo Ass Up podcast episode aims to equip its listeners with a robust understanding of financial literacy, especially regarding credit, debt, and macroeconomics. TonyTheCloser and Officer Eli aspires to impart knowledge that will enable listeners to make informed decisions and perhaps sidestep financial missteps, such as those encountered in the FlippingNJ Saga. ✅ FOLLOW ME HERE: Instagram: / tonythecloser_ TikTok: / tonythecloser Twitter: / tonythecloser 💻 MY DIGITAL PRODUCTS:https://stan.store/tonythecloser 👕 MERCH https://tonythecloser.com/collections... 📱 MY APP TCTV Apple: https://apps.apple.com/us/app/the-clo... Google:https://play.google.com/store/apps/de... 💎 1-ON-1 COACHING AND MENTORSHIP https://tonythecloser.com/ Business Inquiries: [email protected]