Shownotes can be found at https://www.profitwithlaw.com/420. Are you ready to discover the surprising secret to eliminating debt and creating generational wealth? Get ready to be empowered with the knowledge to engineer your financial future and change the trajectory of your family tree. Stay tuned for an eye-opening revelation that will leave you equipped to revolutionize your approach to money and wealth creation! In this episode of Profit with Law, host Moshe Amsel interviews financial literacy expert and author, Adam Carroll, diving into the concept of The Shred Method as a powerful tool for eliminating debt and achieving financial freedom. Adam shares his personal journey of overcoming significant debt after college, emphasizing the importance of financial literacy and generational wealth. The conversation revolves around the practical application of The Shred Method, focusing on efficient debt repayment and strategic financial management. As a business owner or individual seeking financial independence, listening to this episode provides valuable insights into leveraging financial tools and resources to create lasting wealth and eliminate debt, making it a must-listen for those aiming to gain control over their financial future. With Adam's expertise and real-life experiences, this episode offers actionable steps and a fresh perspective on wealth creation and financial freedom.  Chapters: [00:00] Introduction to Generational Wealth  [06:12] Adam Carroll's Journey to Financial Literacy [12:16] Understanding Risk vs Calculated Risk in Business [16:37] The Burden of Student Loans [17:54] The Concept of Financial Efficiency [21:11] The Power of The Shred Method [27:48] Balancing Business Growth and Financial Stability [31:07] The Cost of Living in a Debt-Minded Society [32:22] The Shred Method Components [34:01] The Secret Ingredient of The Shred Method [36:25] Using the Shred Method for Business Debt [45:40] Impacting Future Generations [46:59] Owning Your Home Resources mentioned: Take the Law Firm Growth Assessment and find out how you rate as a law firm owner!  Check out our Profit with Law YouTube channel! Learn more about the Profit with Law Elite Coaching Program here Connect with Adam Carroll: Instagram The Shred Method Website Watch Broke, Busted, and Disgusted, a documentary of the true costs of college for FREE with code SHARE - https://brokebusteddisgusted.com/ Join our Facebook Community: https://www.facebook.com/groups/lawfirmgrowthsummit/ To request a show topic, recommend a guest or ask a question for the show, please send an email to [email protected]. Connect with Moshe on: Facebook - https://www.facebook.com/moshe.amsel LinkedIn - https://www.linkedin.com/in/mosheamsel/