How to Use Debt to Create Passive Income

– [Ryan] Alright so in this video what we’re going to talk about is debt. Is debt good or bad? Should you use it? When I grew up I was
taught debt was really bad, you should avoid it, you
should pay cash for everything. And I believed that until I was like 27 years old until
I really started to see success with my business, and then I came full circle on this. I have a friend and a
business partner now, his name is Clement who had me think about this
a little bit differently and you might have heard the phrase “There’s good debt and there’s bad debt”. That comes from Rich Dad
Poor Dad by Robert Kiyosaki. We’re going to talk a
little bit about that and the difference in
how to identify that. So to illustrate this just for a second, let’s assume that you’ve got a 5%, you’ve got 5% money out there. Whether that comes from
a loan from the bank, or you have a private investor, or this is what you pay
for your college debt, or whatever the source of the debt is. Or if you’ve got a really
good credit card that pays 5%. If so, tell me what credit card that is. So– what this just assumes– Alright, so if there’s money coming in from outside sources, from The Cloud. This is from banks and investors… The question is not “Do
I take the 5% loan?” The question is “Where
does the 5% loan go?” What do we do with the capital from here? So, if we have a business and that business as a result of having capital allows us to release a new product, and that product is going to have a 30% profit margin and it’s going to grow over
time; accelerate sales. And that capital is what allows
us to release a new product, that could literally be 100% return. In fact, when we break down the reason why businesses
grow faster than others, it comes down to their ability
to turn over inventory. So the faster you can turn over inventory, the faster your business grows. And by that I mean sell through inventory and replace that inventory quickly. That requires cash. Sometimes it requires
cash that you don’t have. Which is where this comes in. So, if this is a 100% return, and I know that sounds
silly to some people but in business it happens all the time. I’m going to take, uh, I’ll take $100,000 and I’m going to take that 100K put it into a new product in my business, and at the end of the year
I had $200,000 in profit. So that’s 100% return, right? So in this case, you have spent $5,000 to make $100,000. So in this case, is debt good? Or is debt bad? In this case, debt really good. We’re good here. I want to take this money all day long. ‘Cause I know exactly what to– where to put it in my business so that it gets a higher
rate of return than 5%. We could also look at this
in a case of real estate. So if we borrow $100,000 to put into a house that has a 10% return, and that 10% return comes from rent. And it comes from– If we pay $800 a month to pay this back over 30 years and we’re getting $1,000 in rent, we’re getting $200 in profit. We’re also paying back this debt and the value of the house is
going up, is this debt good? 100%, we’re making 10% on our money, plus it’s going up in value and we’re paying off the debt over time. So in that case, debt really really good. Here’s where it gets messy. What most people think of debt they think of borrowing money to get rid of it. And this would be credit cards, (writing on white board) or would be college. Now, here’s where this is different. If you’ve got college debt because you went to
college for general studies and you’re hoping to get a degree. Is there a clear way that
you can deploy that 5% in your education to earn more over time? As opposed to a trade school where if you’re going to borrow money to go to this trade school and as a result you know
you’re going to make 65 to 85 grand a year for
practicing that trade, now we’ve paid for the debt. We’ve paid for the 5% loan, we know exactly what
the ROI is going to be and we can make this decision. Whereas what most people
do, what most kids do, and the government incentivizes which is just a ridiculous idea, is they say: “Just take out debt, go to college, you’ll figure it out.” And you have these kids who graduate with $100,000 in debt
and they can’t find jobs. We should not be incentivizing that. We should not be encouraging people to take on that kind of debt. There’s no ROI to that. Zero. Now, here’s where it gets interesting. Especially if you are an
entrepreneur or an investor. Taking out credit cards or taking out 5% debt to spend on cars. This is a really bad idea if you are just going to spend the money. But recently, I bought a new car; a Tesla. It was $100,000 car. And I took out a loan for it. Now what would I do that if I’m just spending it on something that some people would call frivolous? Well I bought it on debt
because I got a 2% loan. So at a 2% loan, what this allows me to do is it frees up $100,000 in capital. $100,000 in money that I would have spent on the car is now– What am I going to do
with that 100 grand now? I’m going to take that 100 grand and I’m going to put it here in something that
actually creates a return. I used that money to
buy a rental property. So I’m from Cleveland, Ohio. I bought a house for $100,000 in North Olmsted, Ohio. And that is rented out,
it creates a return, it’s going up in value, and what did that do? It allows me to pay this back no problem. And I’m actually getting a return on the money that I freed up. So I’m making, we’ll just say it’s 10%, I’m paying 2% and I have a car. So, we get a three-for here. Instead of spending the money frivolously, or wasting it on what Robert Kiyosaki would call “doo-dads”, Took the money, borrowed
instead of spending it, bought the car. I’m now making payments on the car that is paid for by the house. (writing on white board) So, I got a free car. Instead I bought a house. I have profit. And I get to have my house,
my car, and eat my cake too. That’s a really really good use of debt. Here’s– now I’m going to
make it super complicated now. What’s really exciting about this, is that this, as this gets paid off as the house gets paid off, as the car gets paid off, if you want to make it super complicated now we’ve got value that
we could borrow against. We could literally
borrow against the house, again at 5% and go buy another house. This is what we call a multiplier. I have a podcast about
this on Freedom Fast Lane. You could probably Google
“Freedom Fast Lane Multipliers” it’s called Only Invest Multipliers. A multiplier is something that if you have capital, take that money and put it into something that’s going to have
an exponential return. So what that might look like is as I have an investment, I can borrow against the investment at an interest rate that allows me to put it back into the investment and it can actually multiply and compound. Which is really exciting and kind of sexy. So if you’re interested in
making is super complicated you can look up that podcast. So if we were to totally simplify this, the question of debt comes down to the difference between the ROI
you’re going to make with money and the ROI you’re spending on paying that money back. So if we can borrow– Act– Here’s a fun story. My mentor, my buddy Clement before… So at we train people to start physical products, businesses, as a way to be an entrepreneur. So we have free training classes and stuff that you can sign up
for that’ll show people how to start physical
products, businesses. And there’s a site that some people use to fund their businesses called I think it’s UpFund. And UpFund charges like 20%. 20% to get a loan from them. Which people say is
crazy, that’s exorbitant, it’s like putting it on a credit card. But, if that 20% goes into a product that
going to make 100% return, I’ll make that trade all day long. So the question is not, is this cheap money or expensive money? The question is, compared to what? Because if we could be
growing our business by 100% per year and we’re not because we’re not borrowing then we’ve actually lost all
that growth that we would have. Not to mention the customer
base that we would get and all of the individuals
that we could then market other products to. So in that case, debt is a
really really good thing. But is all based on what we do with it because if we’re spending it versus putting it somewhere we have
a higher rate of return, that determines if debt
is good or if debt is bad. This is why people like Donald Trump use a tremendous amount of
debt to grow businesses. They keep their capital, invest their the debt into building other things, and that’s how they
become super uber wealthy. And that’s why debt is not good or bad. It’s about what you do
with the debt that matters. Hope you found this video helpful. If so, share this with an entrepreneur or somebody you know who
would find value in it. Make sure you’re subscribed
on Youtube and on Facebook. And we’ll see you at Thanks for watching.

100 comments on “How to Use Debt to Create Passive Income”

  1. Sayakvids says:

    you took a loan to buy car @2% and bought a property with that!?

  2. Danyal Gear says:

    great video !

  3. WYCOTAX free estimax says:

    I never did any loan for my business. I kinda understand what he is saying. But is it when you loan $100 for your car, that $100k automatically goes to the car company then you need to pay that $100k together with the interest to the bank?

  4. TheMachiene says:

    I don't think the 100k rental property you purchased is generating enough cash flow to pay your Tesla payment, pay the property taxes, pay the property manager, hold back money for future repairs on the property. That is just not a realistic example. I recommend you ditch the tesla and take that money to invest in another rental property and a car with a monthly payment of around 250.00 per month and stop caring what people think of your car.

  5. Stanford Nkonjera says:

    l like yr channel it is true the teaching will help us to generate the debts for the projects

  6. Izuchukwu Collins says:

    Thanks a lot. I'm following all your videos and teachings henceforth.

  7. wade patterson says:

    Once you explained a multiplayer, instant subscribe.

  8. Ahmed Toma says:

    Who the hell dislikes this??!?

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  10. Jeremy Ariche says:

    How do you know in advance the ROI will offset the debt? Is it a gamble or do you have a master plan?

  11. dukane14 says:

    Thank you for this. You made this super, super clear. The 'compared to what' should be a light bulb moment for people. Good stuff, man..

  12. Code _V_83 says:

    Your also not being taxed on that debt right?

  13. cumminski says:

    Probably those suckers that go to work every day, n spend theyr hard earned money to something they probably dont need so bad. What does this guy do when his toilet suddenly stops working? Takes a Cebt. No. He calls the sucker that pays his bills,, Joe the god damn plumber. Huh?

  14. MicLabTv says:

    Good job explaining ! might talk about you on my channel

  15. Nick Stoliaroff says:

    I have a lot to learn sensei

  16. yasser aboamoud says:

    I don't think it is a good idea to borrow money unless you have the same amount in you Account.

  17. Brent Millsop says:

    Ah the balancing act!

  18. Jordan Roberts says:

    Wait I'm confused. You were given a $100k loan, you took that money and went somewhere else with it and bought a house? So how did you still get the car if you didn't have any money to give to the dealer? Also, what kind of a loan did you even get? If it's a car loan, I had no idea you could essentially lie and take the money they give you for the car loan and spend it somewhere else. Unless you got a generic loan.

  19. Elliot King says:

    I don’t get it . If you had to pay 100k for the car how do you have 100k left in free money . Didn’t your loan money go to the dealer ? If not then you already had 100k lying around and then you took a 100k loan as well . Clarify please

  20. wongster says:

    So what if your house needs fixing? A new roof? new heat pump? new carpet? etc etc… where are you going to get the money for that?

  21. InternetDude says:

    LOL I just ordered a second Tesla for $190K+tax. Got 1.99% interest so I’m financing as much as possible. Check out my videos if interested.

  22. Henrique Ferreira says:

    Its all an illusion ..

  23. James Marquis says:

    Everybody should watch the Dave Ramsey YouTube rant entitled "Think America"!!!

  24. James Marquis says:

    Dude, you didn't get a "free car" because its costing you money every single day in the form of depreciation of value!!! The average new car loses 60% of value after 4 years of ownership. If you buy a $50,000 car, it has cost you $30,000 to own it at the end of 4 years! You initially paid $50,000 for the car plus it has gone down in value $30,000 so now you are $80,000 in the hole!!!!!!!! 4 years × 365 days a year is 1,460 days. Divide $80,000 by 1,460 days is $54.79. ITS COSTING YOU $54.79 (!!!) EVERY SINGLE DAY TO OWN THAT NEW CAR!!!!! No wonder the banker lives in a million dollar home and drives a $70,000 SUV and sends his daughters to a exclusive boarding school in Europe! NO THANKS!!! I will keep driving junk and investing my money into dividend paying stocks and interest bearing bonds.

  25. Tyler Stone says:

    This idea is fundamentally based on a dangerous assumption that everything goes smoothly throughout the entire process.

    Yes, you can take out $100,000 at 20% interest to build a product that you project will sell 1000 units and will make $300,000 someodd, paying back and the debt and making 100% return. But what happens when in reality you only sell 3 copies, falling 99.7% short of expectations, and ohh shit. Now you either need to take from savings or elsewhere to pay that back (or it balloons), or you're screwed.

    Same thing with housing. If you have 100% occupancy in a house purchased on debt, that's all cookies and rainbows. But when about when you can't find a renter and it goes unoccupied for 3 or 4 months. It burns a hole in your pocket. If you use that multiplier idea, sure you can say "Well I have 100 properties, if 1 or 2 do poorly, that's OK because the others make up for it". And that's again fair, until we have a massive economic collapse, then nobody can afford to rent anything and you're in a "magnifyingly" worse situation. If you've got 100 properties and something stupid like 10% occupancy, and the only way to get occupancy is to lower rates to a point where you're loosing money, you'll find yourself in hot water real quickly. Occupancy is also independent of delinquency, and maintenance / repair costs.

    If you make $200/month, that's great, your account goes up by $200/month. But if the mortgage is $800/month, 1 month of unoccupancy or delinquency eats savings from 4 months of rent. The longer this happens, or the more properties you have, the more devastating this imbalance (unless of course you're making more than 50% profit on rent).

    The dangers of debt don't go away just because you use it correctly. The ONLY way to safely take on debt, is to have enough to fully pay off the debt BEFORE you take on the debt. A man with $1,000,000 and $1,000,001 in debt, is a man worth $-1.

  26. xJerm says:

    This makes so much sense… I could just someone to pay my car, without them touching it.

  27. abenzuoo says:

    quite nicely said, i tried to spell this to my grl but now i just show this to that idiot

  28. Jorgeicr8 says:

    I know it’s a minor detail but you confused me with 200k profit being 100% return on 100k. Your revenue would be 200k but your profit would be 100k, meaning it’s 100% return of your initial investment. Correct me if I’m wrong

  29. Maverick D. says:

    My brain really wasn't made for economics…

  30. Alexander Petersen says:

    Why didnt he buy two houses instead? If he could make money on one house, then why not two. Instead of buying a car thats not making him any profit.

  31. Ammon Neff says:

    This was good but I feel you should have talked a little about risk.

  32. kebman says:

    In general, and especially within real-estate, debt is decidedly bad. Why? Because it inflates the prices. Where there weren't debt, there is now debt, making it it a prerequisite for more people to get a loan to afford a house. That's bad in general. However if you're smart, you can make it work for you. Now imagine being the bank. 😉

  33. Willy Wijaya says:

    Would the bank even lend someone 100000 dollars?

  34. Tim Foley says:

    Turning 100K into 200K is a 50% return. Common mistake to think it’s 100% but you lost credibility right there.

  35. Barwin says:

    My cat’s breath smells like cat food.

  36. daneth noy says:

    I should just read Robert's book

  37. Diego Ambrosio says:

    Yes, 200k of profit, but it is necessary to give 100k to get those 200k. In accounting it is called "the cost of goods sold", so it is practically 100k of earning. Now, if the asset pays enough to cover the loan plus interest – let alone any money left for living -, it is not likely for any bank to charge low interest rate while the margin of profit to be relatively high. But let us say there is a good opportunity – they exist -; it would be an aggressive investment, i.e., risky. That means if the value of the asset declines, the coverage of the loaning will be difficult to come by, hence the risk.

  38. Roberto Gonzalez Jr says:

    So you bought the house and rent it. Where do you live? In your car? You say you got a three for. I don't get how someone can buy a rental property for passive income but where is their primary home?

  39. Chris Classic says:

    Awesome video Ryan. Super educational. Love your stuff!

  40. dick dollars says:

    Another useless clip telling you shit you should already know. If anyone needs a video to understand the difference between good and bad debt they're never gonna get out of debt never mind become wealthy. And who da fuq just has $100k lying around that they can free up by taking out a $100k loan @2% to buy a Tesla? FFS get back to the reality of regular people's lives man!! Anyone with that kind of dough probably doesn't need to be schooled in using debt wisely.

  41. dick dollars says:

    My advice to anyone sitting on 100k cash. Do not buy a car worth 100k. Nothing depreciates faster or more than cars. You've lost at least 30k on it's value driving it home from the show room. Money you'll never see again. Add to that the money you'll be out on maintenance and insuring something that expensive. Put the money directly in the real estate (after a lot of market research and shopping around) and take out the smallest loan you possibly can at the lowest rate you possibly can on a modest car. Nobody needs a 100k Tesla. It's pure ego indulgence and an idiotic move financially.

  42. ucheucheuche says:

    Good food vs Bad food. Good food nourishes you, Bad food gets thrown away.
    Good debt vs Bad debt. Good debt gives money to you, Bad debt takes money away.

  43. David Val says:

    Thanks you said exactly what I've been THINKING

  44. Jason Delaplain says:

    Let's not forget time in this equation.

  45. Mike S. says:

    I still don't understand what's the point of buying a 100K car to begin with in this example? Why not get a 120k loan, buy a slightly used car reliable car for under 20k cash which would be equivalent to 1 year of Tesla monthly payments. Then you'll own the car and while in the Tesla example you'll still be paying giant monthly payments every month whereas that money could be going somewhere else.

  46. Hans-Denis Bamal, Jr. says:

    You gonna make it complicated???
    Dude it already was.
    Those percentages 🤕🤕🤕🤕

  47. ado011235 says:

    Thanks a lot dexter

  48. Younes Henni says:

    338 people watching this are NOT entrepreneurs

  49. Qspeakz theTruth says:

    If i have 100k cash do you think i would be watching this video. Make a video for people that dont have that much capital.

  50. yungJohnson says:

    So howd u use the car $ to buy i house ? I dnt get it

  51. Eddy Schonfield says:

    What happens if the rental property can't find a rent and you can't pay the 100,000.00 payment back or rent the house out and in 3 months the rentals destroyed it then what thats what I'm scared of doing it on a loan

  52. Jim Kirk says:

    yes like there is good cholesterol & bad cholesterol!

  53. Crypto Rage says:

    All good and dandy, only problem is in some countries , when you take a debt the revenue from that house will not be enough to pay the payments every month for the debt. Aaaaand that theory goes to sh*t.

  54. Darryl Strawberry says:

    This is socialism not capitalism 😢

  55. Lala Chahooey Hooey Channel says:

    I'm loss in the car and the 2%.

  56. sheraz ahmad says:

    Amazing man

  57. kah Lua says:

    How do you know if your house or apartment increasing value?

  58. Noobie747 says:

    3:14 What about interest?

  59. Noobie747 says:

    5:46 I see ROI there because college students will be investing in themselves so if you're studying contemporary music or other creative courses then the sky is the limit

  60. Noobie747 says:

    No way you don't want to be buying a house if you intend to travel around considering the upkeep, you're better off renting or staying in group housing

  61. Michael Gomez says:

    You borrowed 100K. Purchased a 100K car and 100K house with the same 100K. That part didn’t make sense to me.

  62. MarvelExtra says:

    did he bought the damn car or did he invest it in a property??? I am confused…

  63. My House says:

    I just found your video and am trying to understand something from it. I think this is how it goes, barrow 100k and use it to buy a house cash, sell your house owner financed for 130k with 5% interest added to the monthly payment, since its owner financed you still have the title of the house while receiving monthly rent with 100% more than the amount you have to pay monthly on your initial barrowing. You would then go to another lender/bank and take out 100k line of credit against your house that worth 130k. Use that to buy a 100k car, since its bought in cash and a business expense, you can then create a loan to your own business adding 5% interest, make payment to your second business acct based on the terms you created plus interest ( make sure the amount is no more than half of the rent coming from the rental house). Now your asset is 130k house plus 5%, and a car 100k plus 5%. Since you have those assets, you can barrow again using those as collateral to buy another house for 100k, sell it owner financed again for 130k plus 5% interest (Just make sure you keep ownership of the house till your tenant paid all the full amount of 130k). Now take out bigger line of credit based in the newly acquired asset. Take out the 100k cash from line of credit, buy another house for 100k, sell it right away for 130k owner financed. Take out more line of credit based on your asset and income. Pull out cash from line if credit to either buy another house or pay off the very first house. Repeat the process for all eternity…. leave your wealth to your family…. 🙂

  64. JESSIE ARNOB says:

    A tesla isn't a 100k car wtf?

  65. To Be The Bearer says:

    Hey Ryan, I'm actually just starting to get my financial mindset and life in order. Hence the reason I'm here watching YouTube videos about it lol.

    I'm from Ohio, as well. And I love how many times you reference Robert Kiyosaki. I just read Rich Dad Poor Dad about 2 years ago and it changed my life. I've been studying him ever since, and listen to a lot of his radio show and podcast.

    I started building my own digital and social marketing business about 3 years ago, and want to leverage it in the future to start a real estate investing career.

    I would love to speak more with you and I will keep following you. I'll subscribe, and "click that notification bell." Haha, thanks for sharing!

    Also, I just hopped over to your podcast. Dude, if you like Gary Vee, you should totally see about having him as a guest on your podcast. I bet you could get him on based on the shear volume of episodes you've done, and I bet he would like you. 👌

  66. Calvin Ferrion says:


  67. LivinRN_Chris says:

    I don’t feel bad about buying my bmw now. I just need to buy my first property to rent

  68. Joe Elyahchouchi says:

    You are talking about expected returns as if it is a sure guarantied thing that you know beforehand. They key is that it is NOT. The debt and the interest you have to pay is the only sure thing, all else is speculative. You are doubling your risk by taking a debt for your business… Not only can the plan fail and you end up with nothing, the plan can fail and you can end up with negative amounts of money (see Dave Ramsey's story) Also also, debt interest is paid from after tax income whereas returns are taxed…

  69. Moving and Junk removal says:

    cleveland!!! lets go!

  70. Charles Aliff says:

    I grew up in Slavic Village (east side of Cleveland). Proud to see you raising up. Thanks for the guidance and insight.

  71. Fresh Reserve says:

    how about maxing out cards buy houses in hood put them on section 8 and pay minimum payments on cards and leverage the debt

  72. Toyhome says:


  73. Real Deal says:

    But how car can be free ,i mean you have to pay monthly instalments for car company as well as to bank . Am i right sir? Kindly sort my confusion.

  74. iluvcakes19 says:

    Mentions nothing of the money down.. surely he didn't buy a $100k car with a $100k loan. Or did he?? Those monthly payments are going to be insane!

  75. Seraph 37 says:

    You are only scratching the surface

  76. Babatunde Odebiyi says:

    Thanks man, the infos in this video is eye opening.

  77. rosenia anthony says:

    Redundant. If u can take a loan to buy a car then u can take a loan to do the business.

  78. Budiyanto Bong says:

    Yeah, I was like you always go against debt thinking that its a bad move that give your company pressures of returning.
    But i have a few questions:
    1. How can u make sure that the profit you will get is 10%? or 100%?
    2. What did you do/use as a guarantee to get debt at that interest that low?

  79. noah torres says:


  80. Eric Liestoh says:

    You said you took out a $100K loan for the car, then you said you used it to buy a house, which will pay for the car. Which is it? Did you buy a car or a house? Please explain.

  81. Smart Sweet says:

    But what if your business doesn't succeed and you borrowed money… Can you the borrow again to start a new business or would the bank have no trust in you anymore ?

  82. captain Jack says:

    He took loan of 💯 k for a car .
    and he brought a house of 100k . THEN how did he brought a CAR ???????

  83. Bryan Safie says:

    So I'm not the only one that used debt to become wealthy … I don't feel like a crook anymore😂

  84. Shark Fyn says:

    All this works only if you are able to repay the debt and ur buisness is working. If ur buisness isnt working. Your gonna get messed up and have a hard time. So think well. Start with what you have. Dont get all up charged up to borrow cash.

  85. Devin Tyus says:

    yeah buy the house first is what i think he meant

  86. Pornald Trump says:

    100% return on $100k profit ignores taxation at 30% unless you're ME! HA HAHAHA HA H AH AH AH AHA HA

  87. Wild Life says:

    I like how you add your own salesmanship inside this video instead of emphasizing assets that create cash flow.

  88. ridethesky02 says:

    I finally figured it out, Thanos was right….he used the stones to destroy the stones 😭😭

  89. Tony Vasquez says:

    pulled out another $4,000 with the blank ATM hilltophackers,wordpress,com delivered to me

  90. daniel maldonado says:

    Chase freedom pay 5% ,rotate quarterly

  91. Brad Habits says:

    The one thing I don't understand, how do you get a loan for a car but use the money to buy a house? If you get a loan for the car doesn't that money go straight to the car dealership? How would you have any money left over to buy something else with that same money? Please explain. I'm excitingly curious?

  92. Anthony Hall says:

    can someone tell me if I got this right for the tesla example?

    he has a 100,000 for the tesla but instead of spending it on the tesla, he takes a loan of 100,000 for 2% interest and buys the car with that instead. Now he has that 100,000 he was going to use to buy a tesla, that he can now use to buy a 100,00 dollar house which gives him a 10% return on 100,000 dollars which he uses to pay for the tesla loan. correct?

  93. Samone- Checkout my channel says:

    To answer your question, Discover It Cashback gives you 5% cashback lol

  94. Dirty Needlez says:

    Awesome video man thanks so much I’ve been trying to find the formula since watching kiyosakis videos but you nailed it!!!

  95. Shivam Dubey says:

    How can you bought car if you use that 100% money to taking the hone

  96. Shivam Dubey says:

    You use that money for the home how you bought the car men

  97. Jackie says:

    Mortgage rates in my area are in the range of 7-8.5%, whereby rental does not yield as much. Does it mean it is not a good deal to use debt?

  98. dibaskar265 says:

    no business today guarantees high value assured return there is always risk factors involved and ignoring them is foolish, no venture today guarantees return 100%. those who started decades back are in th position to take risks today, usay trump and kiyosaki they already made their market long time before and ventured in something new while having atleast 6 or 7 income sources as backup. do something for a fresh enterpraneur, these stats only works for someone who has many income sources and money to play with.

  99. dibaskar265 says:

    debt is good for rich as it makes them richer as they can pay it by their already established multiple sources of income, not for a newbie who starts with a few thousands.

  100. Phillip Borbon says:

    dont forget, if it is a business you can tax deduct as well 🙂 i believe the interests.

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