How Debt is Really Good or Really Bad - It Can Change Your Life

How Debt is really good or really bad, it will change your life
In this video, we discuss how debt is a really good thing if you know how to use it properly, and how debt can be a really bad thing and can be very painful for many people. Debt is also called many other things including leverage, mortgage, loan, other peoples money, margin, and the list continues on and on. Debt is called so many different things but it is essentially using somebody else’s money to get what you want in your life. Many people use debt in the form of a mortgage to buy a house, people use debt in the form of margin to buy stocks or other financial instruments, people can use a loan to buy a car, and there are Many other ways that a person can use leverage, margin, loan, mortgage, debt, to buy and acquire items. If used properly you can use debt to acquire assets that will cash flow and produce more money for a person which will ultimately build wealth, but debt can also be a very bad thing if it is used by consumer goods, which is what we talk about in this video. That can be a very good thing and it can be a very bad thing, it just depends on how it is used.
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#Debt #Leverage #Money #Margin #Asset #Investing #Cashflow #Stocks #Realestate

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