ilmscore | Prediction Details
"a mortgage is amongst some of the cheapest debt you can get and so these multi-millionaires use borrowed money to buy their homes which means they can use their money on other things and on other assets that have higher returns essentially turning debt into an asset"
By Nischa | May 28, 2023 | Pending
From video
ACCOUNTANT EXPLAINS: 7 Ways You're PROGRAMMED to be Poor 00:04:34 - 00:04:49
Interpreted Prediction
Multi-millionaires leverage mortgages, a low-cost debt, to acquire homes, freeing up their capital for higher-return assets, thus converting debt into an asset.

Prediction Details

Topic
Leveraging Mortgages

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.