It will save you in the end.
Well doesn’t this just apply to every aspect of life? You’ve probably searched for discounts on hotels or discounts on flights in the past year. There’s nothing wrong with that at all. This way of thinking isn’t just limited to purchasing goods or services.
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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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