Ep:3 Multiple ways to use leverage to grow your net worth
July 25, 2021
Multiple ways to use leverage to grow your net worth
Using leverage to grow your net worth is something the worlds richest have been doing all along.
Saving your money and investing it is a slow process, but when you discover how you can use other peoples money ( the banks) you can potentially grow much faster.
The information provided here is not to be taken as investment advice but for entertainment purposes only.
In this episode I cover the following strategies for leverage as well as list the pros and cons of each.
- Gifted money
- Interest only mortgages
- Secured lines of credit
- Margin accounts
- Unsecured lines of credit
- Reverse mortgage for investors
- RRSP loans
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