Episode 403 - 5 Ways Rich people make money with debt - The 30 percent rule
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Episode 403 - 5 Ways Rich people make money with debt - The 30 percent rule
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About this listen
The source challenges the notion that all debt is bad, presenting a perspective where debt can be a powerful tool for generating wealth, particularly for those who understand how to utilise it effectively. It outlines several strategies employed by affluent individuals and entities, such as using debt in international trade, refinancing real estate investments to create equity and income while reducing taxes, and employing short selling tactics within hedge funds to profit from declining stock prices. Furthermore, the source touches upon leveraging debt in the Forex market and emphasises the importance of building a strong credit score to secure favourable loan terms. While acknowledging the risks of high-interest debt, the overall argument is that strategic borrowing can be instrumental in capital accumulation. Source : Proactive Thinker YouTube Channel