We’ve all heard the age-old financial advice: pay off your debts and cut your expenses to the bare minimum. And while these are certainly important steps in building wealth, they may not be the only ones.
Debt, when used wisely, can actually be a powerful tool for creating leverage. And let’s face it, most of the ultra-rich individuals out there are using it to their advantage. So while paying off debt and minimizing expenses are solid pieces of advice, don’t be afraid to use debt strategically to help grow your wealth.
Just remember to use it wisely and always have a plan for paying it off. #financialadvice #debtleverage #wealthbuilding #shorts