Latest / Aus Property Mastery with PK
Good Debt VS Bad Debt - The Importance of LEVERAGE in Growing Your Property Portfolio in Australia!
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. In this week’s episode, I’ll explain the importance of LEVERAGE, or debt in growing your property portfolio and why you shouldn't be scared! Discussion Points: 0:00 Introduction 3:04 The problem that we make is saying…
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