Quote:
Originally posted by <IMX>
I disagree with you all.
Why buy outright, when leverage can help you maximize the ROI on specific projects.
Mortgages and loans are excellent tools to leverage your assets, as long as you use them diligently.
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my dad taught me this simple thing about lending. It's the smartest thing I've ever heard on the subject. Don't do it unless it's for a BUSINESS reason - then borrow all you can.
meaning only borrow if it MAKES you money. buy everything else with cash, not credit.
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This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog!
Now read without the word dog.
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