{"id":13715,"date":"2021-05-07T13:32:18","date_gmt":"2021-05-07T03:32:18","guid":{"rendered":"https:\/\/trc-gorod.ru\/?p=13715"},"modified":"2022-03-02T16:26:47","modified_gmt":"2022-03-02T05:26:47","slug":"use-debt-to-create-wealth-in-3-simple-steps","status":"publish","type":"post","link":"https:\/\/trc-gorod.ru\/use-debt-to-create-wealth-in-3-simple-steps\/","title":{"rendered":"Use Debt To Create Wealth in 3 Simple Steps"},"content":{"rendered":"

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Most of us were raised with the idea that debt is bad. Debt drags you down. Rich people are never in debt.<\/span><\/p>\n

While that may have been true for our great grandparents, it\u2019s no longer the case. Debt is one of the keys that can unlock future wealth as a property investor. The more <\/span>good<\/span><\/i> debt you have, the more income you can create.\u00a0<\/span><\/p>\n

But, before you go out and put yourself $1 million in the hole, let\u2019s talk about the right kinds of debt. The debt that\u2019s going to lead to success, not ruin. This is called\u2026<\/span><\/p>\n

 <\/p>\n

\u2026DEBT LENDING<\/b><\/h4>\n

With real estate you can use your assets to create wealth. In simple terms, you can pull money out of one property in order to buy another. Equally borrowing money from a bank or other financial lender and using that cash to buy a property that is going to give you an income and increase in value over time, is a smart way to use debt to create wealth.<\/span><\/p>\n

With record-low interest rates up for grabs, now is a great time to borrow money. Cash is cheap, which means borrowing and investing is more accessible to more people. The opportunity to create wealth as investors is in great shape.<\/span><\/p>\n

But, even with low interest-rates, the banks aren\u2019t just throwing cash around and there are steps you need to take to ensure you can borrow at your maximum amount and then leverage that cash to start building a portfolio.<\/span><\/p>\n

 <\/p>\n

STEP 1: CLEAN UP YOUR FINANCES<\/b><\/h4>\n

For at least three months before you want to borrow money that you can then use as a deposit, get your finances in shape. That means:<\/span><\/p>\n