| Title | : | 5 Ways Rich People Leverage Debt to Build Wealth |
| Lasting | : | 0.59 |
| Date of publication | : | |
| Views | : | 3,3 rb |
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Using debt to build wealth can be a smart financial move when done responsibly :) Comment from : @julievismanos7138 |
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By enabling you to make larger purchases than your present cash levels permit, borrowing for investment purposes can boost your profits However, it can also increase losses, which could ultimately have a bad impact on your credit and financial status Comment from : @KiannaIsabelGacasan |
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One common way to use debt to build wealth is by taking out a mortgage to buy a rentable property Comment from : @FamchenGGC |
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One good example to apply this concept would be the use of credit card in our purchases 😀 Comment from : @justineorellina-dk9oh |
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Borrowing money to invest in real estate and stocks is a very wise idea 👌🏼 Comment from : @pawpaw765 |
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Nice video Question: What are some potential risks and benefits associated with using debt as a means to increase wealth? Comment from : @iammadjonesg1656 |
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Rich people can make more business because of their assets Comment from : @MaryDe-erio |
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One common way to use debt to build wealth is by taking out a mortgage to buy a rentable property By leveraging the bank's money to purchase an asset that has the potential to appreciate in value over time, investors can build equity and increase their net worth Comment from : @samlabio2812 |
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Using debt to build wealth can be a smart move when done responsibly Comment from : @loreenvenal6636 |
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Debt can make you rich when you use other people's money to control assets that appreciate in value and create cash flow that grows your net worth Good debt creates leverage, for a small monthly fee you can control an asset worth many times the monthly payment Comment from : @samlabio2812 |
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To be rich invest your money Comment from : @jenniferdeligero62 |
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