Many people are stuck in a bad debt cycle.
If income is less than your expenses and you are forced to borrow for essential needs such as groceries, the situation is dire.
Good debts are those used to buy assets that grow in value (appreciate) over time. The intention of taking on these debts is to increase the net wealth and passive income of the borrower, despite interest paid.
This video explain the important of LEVERAGE, or debt in growing your property portfolio and why you shouldn't be scared!
Chapters:
00:00:00 - The Importance of Leverage in Growing Passive Income
00:02:11 - Good Debt vs Bad Debt
00:04:32 - The Difference Between Good Debt and Bad Debt
00:06:54 - The Benefits of Good Debt
00:09:02 - The Power of Compound Wealth and Good Debt
00:11:08 - The Value of Debt in an Inflationary Environment
00:13:21 - Using Assets to Pay Off Debt
00:15:25 - Building Passive Income through Leverage and Debt
00:17:32 - The Power of Good Debt in Real Estate Investing
00:19:49 - Generating Tens of Thousands in Passive Income
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