The quote at 12:26 is the underlying premise of Tai Lopez’s Christmas Eve talk.
Cash paid out for debt service reduces free cash flow. I know, it is common sense. But one of the easiest ways to improve overall cash flow is to change cash outflow. Avoid debt. Eliminate debt where possible, and don’t spend on what you don’t need. This frees up cash to invest in your passive income projects.
The whole talk is worth a listen with a take responsibility theme. Do you need a nudge of encouragement? Invest some attentive time to listen to How to Get of of Debt.