8 - Terminate Debt
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We made it, the final letter in the IMPACT Acronym: T \\u2013 Terminate Debt. Much like cultivating assets, terminating debt directly impacts your net worth. For every dollar you pay towards paying down your debt, your net worth increases by that same amount. In addition, as you pay down your debt, your risk is mitigated. Debt magnifies financial outcomes, either for better or worse. Ken uses examples of real estate and graduate degrees as a means to explain this magnification as well as the risk and reward of debt.
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