Join my Money Tips 365 Supporters Club on Spotify: -
https://podcasters.spotify.com/pod/show/charles-kelly/subscribe
Leverage is a term used in business for borrowing money or using debt to buy assets.
Other people’s money (OPM) has been deployed for centuries to help governments and businesses to raise capital, which I’ve written about in my book, Borrow and Grow Rich.
There is a big difference between good debt, which helps you buy assets that produce income, capital growth, and create jobs and bad debt to consumer goods which go down in value.
Can you think of an example of where you have used good debt or leverage to buy an asset like a property?
Have you also used bad debt, such as a credit card, to buy something that you didn’t want to save up for?
How much has that item cost you in interest?
Lessons
Use good debt, leverage and OPM to accelerate your wealth building process.
Avoid credit cards and other bad debt and only use a credit card to pay for things that you can repay in full at the end of the month.
If you have credit card debts, start on a plan to clear the balance as soon as possible, rather than just paying the minimum amount each month.
Join my Money Tips 365 Supporters Club on Spotify: -
https://podcasters.spotify.com/pod/show/charles-kelly/subscribe
Need help with your money?
We are living in challenging economic times.
I want to show you how can you:
To help you, I am running a free training webinar.
3 Steps To Success Money Management!
I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.
Join me online on my free live money management training Wednesday at 8.00PM.
Places are limited, so register now below to avoid disappointment.
https://bit.ly/3QPp8IH
#property #mortgages #remortgage #firsttimebuyer #mortgagerates #homebuyers #housepricefall #finance #moneytraining #moneymanagement #wealth #money #buytolet #rentalproperty #leverage OPM
Interest Rates Double To 0.5% To Cool Soaring Cost Of Living As Energy Bills Jump By £800 To An Average Of £2000 PA
US Economy Bounces Back And Stock Markets Rally, But Crash Is Coming
UK Inflation rises again to the highest level for 30 years
Interest Rates Will Rise In 2022 – Time To Fix Your Mortgage Rate?
Interview With Stocks, Commodities, Futures Trader Of 40 Years KD Angle
Property And Share Prices At Record Levels Despite Poor Economic Outlook As 2021 Draws To A Close
Interest Rates Rise As Inflation Soars At Fastest Pace For 10 Years
House Price Growth Highest For 15 Years
Is Retail On The High Street Dead? NO! Here’s Why I Think It’s Very Much Alive
Stock Markets Fall Around The World On New Covid Variant News
How To Generate Leads On Autopilot Using LinkedIn With Austin McCulloh
9 Habits To Develop Extreme Productivity
Buy-to-Let Property Demand Down 60% Says London Estate Agent As Chinese Buyers Dry Up
What Can You Invest In That Is Virtually Guaranteed To Go Up In Price In Next 12 Months? The Answer Will Surprise You…
October Budget 2021 6 Changes That Could Hit Your Pocket
Cost Of A Comfortable Retirement Reaches £50,000 A Year For A Couple
Green UK Offer Heat Pump Grants To Phase Out Gas Boilers While Interest Rates Will Rise In November
Bank Of England Deputy Wants Urgent Regulation Of Cryptocurrencies Like Bitcoin
Interest Rate Rise By December Economists Predict
Is High Street Retail Really Dead?
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Reaching your Goals
Insights@work
Business Dad
The Ken Coleman Show
The Cardone Zone