ilmscore | Prediction Details
"now remember what I talked about before buying assets versus liabilities an investor is somebody who's using the money to buy assets before let's say you had $100,000 and you wanted to buy some real estate if you didn't have access to credit you could use this $100,000 to buy a $100,000 property and let's just say over 20 years this $100,000 property makes your money back and the property value doubles so you made yourself another $100,000 but now because you have access to credit you can go out and take the $100,000 and use it to buy a half a million dollar property now when you own this half a million dollar property you will continue to make rental income and if you continue to see that same growth now this money will be paid off and the property value let's just assume doubles so you took your $100,000 you bought a half a million dollar property and over 20 years this half a million dollar property doubles to $1 million so now you have a million dollar property you only paid 3% interest on it and now you made $900,000 as opposed to just $100,000 if you didn't have credit"
By Minority Mindset | October 29, 2023 | Pending
From video
These Are Your Biggest Financial Mistakes (Achieve Financial Freedom In 2024) | Jaspreet Singh 01:18:05 - 01:19:05
Interpreted Prediction
Credit is advantageous for investors as it allows for leveraged investments. For example, using $100,000 with credit to purchase a $500,000 property that doubles in value can yield a $900,000 profit, compared to only $100,000 profit if the entire purchase was made with personal funds.

Prediction Details

Topic
Credit for Investors

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