Other People’s Money
Financial Advice for Young Professionals
Leverage… It’s a beautiful thing, but can also be a double edged sword. Let’s look at our beloved President Trump as an example. In the 90’s his annual loan payments were $300 million, with personal debt of just shy of $1B and debt within his organization amounting to $9B. It would be foolish to only consider the liabilities on the balance sheet of this real estate mogul. What are we getting at here? It’s simple; it takes money to make money.