How Rich People Use Debt to Build Wealth
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Isn't debt bad? Isn't it risky?
No, debt isn’t bad or risky… but the people using it can be.
If you get this WRONG… you’ll struggle to get wealthy while you’re still young enough to enjoy it. I mean sure… you can always use the whole compound INTEREST thing to work its miracle… but 75% of your life will be behind you by the time that magic trick pays off.
But when you get it RIGHT… you can compound ASSETS… and that traditional 40 year plan your parents, and grand parents, followed can be collapsed into 4 or 5 years. No foolin’!
Here’s the deal… When you leverage debt… you get to take a small portion of your own resources to acquire a large portion of someone else’s.
It’s not just about multiplying returns… of which it does, but the purpose and benefits go deeper. Watch this… you’ll be the smartest person at the table the next time the subject comes up.
The use of debt empowers the borrower to gain full CONTROL of an asset… of which gives the borrower the full BENEFITS of the asset without fully OWNING it. Those benefits can be revenue, appreciation, depreciation and USE of the asset.
Watch the video and learn how YOU can pull this off and build your own wealth.
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