Comments on: How to Get Rich Leveraging Debt http://www.richcreditdebtloan.com/how-to-get-rich-leveraging-debt/ Wealth, Leverage, Money, and Cash Flow Mon, 22 Feb 2010 03:59:20 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Fortune Hunter http://www.richcreditdebtloan.com/how-to-get-rich-leveraging-debt/comment-page-1/#comment-419 Fortune Hunter Mon, 24 Nov 2008 21:56:14 +0000 http://www.richcreditdebtloan.com/?p=44#comment-419 Remember the flip side of this argument, which is when assets you bought using debt crash in value. Everyone has seen this happen recently with stocks and real estate. There are tons of people out there that tried this very strategy and received margin calls on stocks that have gone south and real estate they can't make the payments on any longer. One of my financial planners has often talked about the strategic use of debt to build wealth, but remember this strategy has a very serious downside if the worst happens. Remember the flip side of this argument, which is when assets you bought using debt crash in value. Everyone has seen this happen recently with stocks and real estate. There are tons of people out there that tried this very strategy and received margin calls on stocks that have gone south and real estate they can’t make the payments on any longer.

One of my financial planners has often talked about the strategic use of debt to build wealth, but remember this strategy has a very serious downside if the worst happens.

]]> By: Planning For Retirement Late in Life | Rich Credit Debt Loan http://www.richcreditdebtloan.com/how-to-get-rich-leveraging-debt/comment-page-1/#comment-246 Planning For Retirement Late in Life | Rich Credit Debt Loan Thu, 31 Jul 2008 13:05:45 +0000 http://www.richcreditdebtloan.com/?p=44#comment-246 [...] technique is called debt leveraging. Simply put, you got into a little debt in order to create a new stream of income. One of the [...] [...] technique is called debt leveraging. Simply put, you got into a little debt in order to create a new stream of income. One of the [...]

]]> By: Double the Income or Double the Expense Till Death Do Us Part | Rich Credit Debt Loan http://www.richcreditdebtloan.com/how-to-get-rich-leveraging-debt/comment-page-1/#comment-206 Double the Income or Double the Expense Till Death Do Us Part | Rich Credit Debt Loan Wed, 09 Jul 2008 13:08:26 +0000 http://www.richcreditdebtloan.com/?p=44#comment-206 [...] Leveraged debt is good debt. Overspending on things you don’t need is bad debt. Learn to separate the two and train yourself to stop before purchasing something you don’t need. Ask yourself – should I spend $5k on a new television or $5k on some stock that is going to pay be back four times over? This makes it a lot easier to get your priorities on the right path. [...] [...] Leveraged debt is good debt. Overspending on things you don’t need is bad debt. Learn to separate the two and train yourself to stop before purchasing something you don’t need. Ask yourself – should I spend $5k on a new television or $5k on some stock that is going to pay be back four times over? This makes it a lot easier to get your priorities on the right path. [...]

]]> By: Andrea Smith http://www.richcreditdebtloan.com/how-to-get-rich-leveraging-debt/comment-page-1/#comment-104 Andrea Smith Mon, 16 Jun 2008 18:14:15 +0000 http://www.richcreditdebtloan.com/?p=44#comment-104 A series of debt can lead to a very difficult cycle of unmanageable finances. We should find ways on reducing debt the cheapest way possible and enjoy financial freedom. Thanks for the article! A series of debt can lead to a very difficult cycle of unmanageable finances. We should find ways on reducing debt the cheapest way possible and enjoy financial freedom. Thanks for the article!

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