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RE: The rich buy assets, the poor liabilities and that is a secret of getting rich!

in LeoFinance3 years ago

Hi
I think appreciating liabilities are a two edged sword. Yes they are appreciating, but the situation requires great caution, and close examination of capitol preservation, so you can at anytime get out and pay off the debt, if the monthly payment gets to big. That’s the basic problem with depreciating liabilities, you can’t take it back and payoff the debt.

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