Leveraging debt is a term thrown around often, especially when it comes to real estate investing. But what exactly does it mean to leverage debt and how can it help build your wealth faster? And why do so many people advocate leveraging debt while others warn us not to?
We all know the obvious things money can buy. Food, shelter, transportation, consumer goods, among other things. But what about the less obvious? These are five not so obvious things money can buy.
A million dollars used to be the end of the rainbow in personal finance. It literally meant that you were a “millionaire.” You had made it financially and would never have to worry about money again providing you maintained your spending habits that got you to a million in the first place. However, due to inflation, a million dollars today is not what it used to be. But it’s still a lot of money and a very worthy financial goal.
My morning routine Monday through Saturday is eerily consistent. Wake up early, eat breakfast, read a few articles, and then get to writing before the rest of the day. I’m usually done by the time my family is out of bed.
Education is everywhere. There is formal education like college and graduate school, vocational schools, personal growth books, courses, seminars, and much more. There are so many choices—it can be confusing and overwhelming. Many people end up going to college but then stop their education after that.
The average car payment for a new car in the United States is $563 per month, with the average term 70 months according to a recent article on Lendingtree.com. That’s 70 months, or almost six years of $563 car payments. For a family with two cars, multiply that number by two and you’ve got $1,126 per month!
Americans have a lot of consumer debt. In my last blog about debt payoff systems, I cited a recent study by WalletHub that found Americans began 2020 in more than one trillion of credit card debt.
We have a lot of consumer debt in the United States. A lot. In a recent study by WalletHub, Americans began 2020 in more than one trillion of credit card debt. The same study indicated that the average credit card debt per household was almost $8,000. And that was down from 2019 numbers.
My wife and I took our two daughters to get burgers and ice cream at the mall on a Friday evening. With restaurants being closed on and off over the past year, we haven’t been out to eat as much as we used to. Not that we used to eat out all the time, but we’d go out to eat once every week or two.
Money is the number one thing couples argue about according to this article in Business Insider. It’s also frequently cited as one of the top causes of divorce. It’s not money that is necessarily the problem—it’s the way we talk, think, and communicate about money.
“If only I had invested in Amazon, Apple, or Nvidia 15 years ago” or “I knew I should have bought that property 20 years ago
Improving your money habits and systems is the best way to get ahead financially. Set up systems and follow them on a predictable basis. Sounds
Most people want answers. We want money advice to be universal and easily applied. If a billionaire or influencer does this or uses that strategy,
Debt is a tool. Ever heard this? Lots of personal finance experts have made this statement, but it kind of stops at that—leaving many wondering
