Debt on Personal Assets is not for Everyone

18/01/2024 21 min
Debt on Personal Assets is not for Everyone

Listen "Debt on Personal Assets is not for Everyone"

Episode Synopsis



Topics discussed on today's show.
Debt vs. No Debt: Some investors prioritize returns and view having no home mortgage as better. However, debt on real estate has its own benefits.
Real Estate Appreciation: Real estate generally appreciates over time, offering significant capital gain, especially when debt-free. However, mortgages reduce this gain with interest payments.
Debt's Drawbacks: Debt siphons income, limits savings, and can lead to stress, snowballing debts, and repossession.
Alternatives: Explore options before debt. If necessary, choose the best rates, prioritize needs, and borrow responsibly.
Debt as a Tool: Use debt cautiously, prioritize stability, and understand its long-term consequences.






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