Hot Take: You don't need to fear debt 💸 I get it. Debt often gets a bad rap, but not all debt is created equal. Here's how you can embrace debt as a powerful financial tool: 🏡 Reframe Your View of Homeownership: Beyond the emotional reasons (we all want the American Dream) home ownership remains one of the ultimate wealth-building tools. Debt can help you ditch paying rent you won’t recoup and finally start earning equity. ⚖️ Recognize Good Debt vs. Bad Debt: Not all debt is scary. While splur
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Contrary to popular belief, debt isn't always a burden; wealthy individuals often use it as a strategic tool for building wealth. When managed wisely, debt allows them to seize opportunities in real estate, business, or investments that boost returns and multiply assets.It can also offer tax benefits, like deductible interest, reducing liabilities and freeing up funds for further investments. The key is responsible management, using debt with a clear plan to create more wealth. | Vusi Thembekway
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