Contents

Foreword

Acknowledgments

Introduction

Part 1: The Value of Debt in the Management of Wealth

Chapter 1: Strategic Debt Philosophy: An Overview

How This Book Can Add Value to Your Life

The Five Tenets (or Action Principles) of Strategic Debt Philosophy

Chapter 1: Summary and Checklist

Chapter 2: The Basic Idea: Limiting the Costs, the Impacts, and the Duration of Financial Distress

Risk of Financial Distress

The Direct and Indirect Costs of Financial Distress

The Impact of Financial Distress: Five Levels

The Duration of Financial Distress

The Four Indebted Strengths: A First Look

The One Thing You Must Consider!

Chapter 2: Summary and Checklist

Chapter 3: Strategic Debt Practices: An Overview

Understanding and Taking Advantage of Strategic Debt Philosophy

Achieving and Maintaining an Optimal Debt-to-Asset Ratio

Calculating Your Debt-to-Asset Ratio

Should Your Primary Residence Be Included in Your Debt Ratio?

When to Pay Down Your Debt, and When Not To

Advanced Practices and Scenarios

Chapter 3: Summary and Checklist

Part 2: The Assets-Based Loan Facility

Chapter 4: The Value of an Assets-Based Loan Facility (ABLF)

What an ABLF Is and How It Works

The Many Advantages of Having an ABLF in Place

Why Virtually Every Company Has a Line of Credit

Surviving Storms and Other Natural Disasters

The Criticality of Being Proactive and Assessing Risks

Family Finances: First Bank of Mom and Dad; Elder Care Bridge Loan

Taking Advantage of Opportunities and Distressed Sales

Average ABLF ...

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