Friends Don't Let Friends Go Broke - David & Donni (clip from #294)
#entrepreneur #smallbusiness #podcast #howto
David & Donni talks about the power of leveraging "good debt". In many cases, there isn't capital available after spending cash on an asset. Even if there is cash available there would be even more cash available with a solid leverage play.
What are some reasons that leveraging OPM(Other Peoples Money) is a good thing, with proper management?
-Example 1: You borrow $100,000. Then you purchase the asset for $100,000(assuming all taxes are covered). Well, now you are using your personal money to do all the other work.. You may be subject to…
The skinny
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