15 Smart Ways to Use Debt to Grow Your Wealth
Today, we’re going to show you 15 ways to use debt to build wealth - without getting buried in it.The #1 App Rich People Use To Optimize Their Lives!
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00:00 - Intro
01:17 - Use a mortgage to buy
rental property and let tenants pay the loan
02:40 - Borrow against your home equity to buy more property or start a business
03:32 - Borrow money to buy
assets that generate income
04:44 - Borrow small, fund a side hustle, & it will eventually pay for itself
05:23 - Fund your first big
venture with a business loan
06:42 - A business credit line can cover short-term expenses without stalling growth
07:44 - Finance tools for work
that can increase your income immediately
09:03 - Only take student loans
for degrees that guarantee high salaries
10:14 - Use your credit card
for rewards, not expenses
11:25 - Use low-interest loans
to pay off high-interest debt
12:29 - View your credit score
as your financial reputation
13:16 - Only finance a car
if it helps you make money
14:28 - Get tax breaks
on your home and
business loans
15:29 - Borrow money to invest,
use gains to pay it back,
& keep the profits
16:41 - If you need cash,
rather borrow against your assets or stocks instead
of selling them
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