Leveraging Your Money to Get Rich Part III

On October 2, 2008 By

So how can I get stinking rich, not just rich?

Well, you could still benefit from that profit of $420,000 if you had rented your home out and put someone else’s money to work for you.  But let’s think bigger now.

Let’s say for the sake of argument, that you did have $200,000 in the [...]

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Leveraging Your Money to Get Rich Part II

On September 25, 2008 By

Can you avoid risk by getting rich by borrowing money?

No.  There is always risk involved.  There is the possibility that your home will not increase in value, in which case you would end up owing more on the house than it is worth.  So now what?  Sell the house?  Not likely.  You’ll have to [...]

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Leveraging Your Money to Get Rich Part I

On September 18, 2008 By

Can you get rich by borrowing money? Can you avoid risk by getting rich by borrowing money? Is it possible to buy a house without borrowing money?

The answers are Yes, No, Yes. But we have a more fundamental issue at hand aside from all that we hold dear to our hearts in this capitalistic [...]

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