Borrow Money For Things That Go Up In Value

debt not your friend

“Here’s a simple MBA lesson: borrow money to buy things that go up in value. Borrow money if it improves your productivity and makes you more money. Leverage multiplies the power of your business because with leverage, every dollar you make in profit is multiplied. That’s very different from the consumer version of this lesson: borrow money to buy things that go down in value. This is wrongheaded, short-term and irrational.”

Check out the entire post here: SethGodin.typepad.com

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[Photo cred: taxcredits.net]

Last modified: April 16, 2015

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