"Power is a lot like real estate. It's all about location, location, location. The closer you are to the source, the higher your property value."
FRANK UNDERWOOD (HOUSE OF CARDS)
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Content Curator | Absurdist | Amateur Gamer | Failed musician | Successful pessimist | Pianist |
Part 3 of the series. Enjoy reading and learning from them!
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Risks Involved
- The Unpredictability of The Market: There is never a guarantee that you will make a profit when you make a sale.
- Credit Risk: When investing using leverage, the bank owns the property until you have paid the loan in full. If you are unable to pay ...
When To Take On Debt
Debt is a liability unless you use it to finance income-generating assets. Don't take on debt for anything that does not increase in value over time.
Suitable forms of debt include buying real estate as a rental property, investing in your business, or a student loan.
Calculating your assets and liabilities
Assets are anything of value that you own that can be converted into cash. Examples include:
- Investments
- Bank and brokerage accounts
- Retirement funds
- Real estate
- Personal property: vehicles, jewellery and collectables.
- Cash
Your...
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