Debt Is Bad? But Did You Know How to Use Debt to Build Wealth?
Despite constantly being told that we shouldn’t get into debt, there is a key difference between Good Debt and Bad Debt to get wealthy. Property Expert, Simon Zutshi, explains how Debt Can Generate You Income, especially as a Property Investor in the UK.
Find out more how Rich People Use Debt to Build Wealth, or in this context, debt associated with Property Investment. If you are able to utilise debt in order to purchase assets – this is a really smart thing to do.
Simon refers to Robert Kiyosaki’s book, Rich Dad Poor Dad, which has a really good explanation between good debt and bad debt. It is Robert Kiyosaki’s Billionaire Mindset which highlights How to Use Debt to Get Rich.
Learn more about how Debt can Generate Income through Simon’s example of buying just 4 Investment Properties. When you pay the mortgages back, all the profit that remains will be yours.
Simon’s book, Property Magic, is also a great reference if you are interested in using debt to leverage other people’s money, getting other people to find you properties and learning how to become a successful property investor in an efficient way.
