“Leverage turns good deals into great deals.”
Skip ahead to 2:03 and this video will give you an excellent explanation of leverage.
Leverage is one of the most powerful tools that can ever be used for building wealth.
Sometimes, investing is about cutting expenses. You can read all about my plan here.
I currently pay my landlord $1,400 a month. He’s a good guy; I like him. But I don’t want to make him rich—I want to make myself rich.
With $21,000 down, I can purchase property and pay the bank $400 a month. That would save me $1,000 a month…$12,000 a year!
$12,000 saved is $12,000 earned, right? What would you do with an extra $12,000 this year?