Other People’s Money

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.

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One of Everything

John gets an interview at a large asset management shop.  The interview goes great, the Managing Director, Peter walks John out to the hallway and the elevators.  John goes to put on his overcoat which he’s been wearing for the past 4 years and it looks like it’s a prop from “The Revenant”(Google it if you haven’t seen it).  John doesn’t get the job… Who’s surprised?

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