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The name of the game is OPM - Other People's Money
1. Use cc for purchases, acquire rewards points to fly free
2. Leverage credit to purchase investment property or scale a business.
With good credit, interest is nominal and additional payments cuts the term in half.
*Thread*
1. Use cc for purchases, acquire rewards points to fly free
2. Leverage credit to purchase investment property or scale a business.
With good credit, interest is nominal and additional payments cuts the term in half.
*Thread*
Learning how to leverage credit in a credit based society is key to wealth acquisition.
Show me a man without debt and I’ll show you a man without financial savvy.
The game is played to insulate from personal losses while maximizing scale and spread.
Show me a man without debt and I’ll show you a man without financial savvy.
The game is played to insulate from personal losses while maximizing scale and spread.
Credit is superior to cash save for the purchase of consumer items.
To make business moves with your own cash is for novices.
When shit hits the fan you lose yours.
A smart man uses OPM and protects his money through a LLC.
They lose, not you.
To make business moves with your own cash is for novices.
When shit hits the fan you lose yours.
A smart man uses OPM and protects his money through a LLC.
They lose, not you.
No one acquires true wealth without debt.
Wealth starts with good credit.
Good credit allows you to leverage it to accumulate wealth.
To denounce credit and debt is to not be financially literate.
Differentiating between good and bad debt is the challenge for most.
Wealth starts with good credit.
Good credit allows you to leverage it to accumulate wealth.
To denounce credit and debt is to not be financially literate.
Differentiating between good and bad debt is the challenge for most.
There was a time when Trump owed the banks 9 Billion dollars.
OPM that he used to emblazon his name and might across global skylines.
Even when he filed bankruptcy, it was debt that was discharged, not personal assets.
Can’t play with the big boys or play at all w/o debt.
OPM that he used to emblazon his name and might across global skylines.
Even when he filed bankruptcy, it was debt that was discharged, not personal assets.
Can’t play with the big boys or play at all w/o debt.
Say you use $300k to purchase a home. You could have bought a whole multi-unit complex or 5properties with a 20% down payment on each
One is your residence and the others investment properties generating additional incomes. That is how you leverage both your cash and credit.
One is your residence and the others investment properties generating additional incomes. That is how you leverage both your cash and credit.
My aunt used to be a CNA.
She now owns a whole apartment complex.
She once rented out all her rooms to cover her $3k mortgage, saved the mortgage she would have paid for 1 year, used that 36K to buy a foreclosed condo, flipped it and made $100k profit.
That was her start.
She now owns a whole apartment complex.
She once rented out all her rooms to cover her $3k mortgage, saved the mortgage she would have paid for 1 year, used that 36K to buy a foreclosed condo, flipped it and made $100k profit.
That was her start.
Income streams from rental properties are normally paltry unless you’re a developer or into apartment complexes (like my aunt owns).
Most people are without the cash to finance projects of this size.
Therefore, wealth for most, lies not in the income but in the equity.
Most people are without the cash to finance projects of this size.
Therefore, wealth for most, lies not in the income but in the equity.
Real Estate investing is never a matter of “I have the money. I am ready.”
That is the mark of a fool.
I cannot stress enough, strategy is king.
And you cannot strategize if you’re without knowledge.
That is the mark of a fool.
I cannot stress enough, strategy is king.
And you cannot strategize if you’re without knowledge.
You can make it in this recession or be victimized by it.
I teach you to repair your credit.
Build business credit
Leverage both
Purchase multi-unit properties
And "no money down" options
An entire game plan to
Change your life here: https://gumroad.com/l/Luguo
I teach you to repair your credit.
Build business credit
Leverage both
Purchase multi-unit properties
And "no money down" options
An entire game plan to
Change your life here: https://gumroad.com/l/Luguo
What I've learned in life is:
Your hunger for success has to outweigh your fear of success.
Everyone fears what they don't know; what they have never embarked on and what they have never done.
That's fine but cowardice cripples.
Only the brave succeed.
Your hunger for success has to outweigh your fear of success.
Everyone fears what they don't know; what they have never embarked on and what they have never done.
That's fine but cowardice cripples.
Only the brave succeed.
Most people allow the intimidation of novelty and the daunting thoughts inherent to grand explorations, to limit them.
Are you broke?
Are you where you want to be in life?
Are you living your ideal life?
That won't change until you make a move.
Are you broke?
Are you where you want to be in life?
Are you living your ideal life?
That won't change until you make a move.
