Welcome to another episode of "Your Everyday Rich" podcast. Another solo episode with your boy, Jason Kao. The question about “should you borrow money to invest” gets brought up alot in our circles that we figured it would be a good topic to discuss especially since interest rates are sky high compared to 2 years ago.
When money is cheap to borrow, nobody thinks twice about it, but when money gets expensive, suddenly nobody is willing to be on the ‘I owe’ side of the IOU. But it’s so common to borrow money, think of your house, student loans, etc. But should you borrow to “invest” in hopes to make more money? When is it the right scenario, when should you not borrow to invest? Jason untangles this and gives his views.
Why do these conversations matter? They matter because these convos are happening behind closed doors and we want them to be front and centre so you can be empowered to achieve financial success. You don’t know what you don’t know but we are here to change that and provide you with the info, insight, and tips you can use to make the best decisions around your money and investing so that it is built around Your Everyday Rich life. 🚀
In this episode Jason has a therapy session about:
How leverage works and why rich people use it
Considerations for consistent and reliable returns in the short term
Using secured and unsecured lines of credit
Building in margin when looking at your Rate of return
Applying the rules of the game of Monopoly to real life
Leveraging TFSA, RRSP’s into real estate
Golden rule of serving debt
Investing in yourself
Follow Jason and Jenn’s social media:
Jason’s Instagram: https://www.instagram.com/mrjasonkao
Jenn’s Instagram: https://www.instagram.com/jennfahh27
Your Everyday Rich instagram https://www.instagram.com/youreverydayrich
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Listen on:
Apple:https://podcasts.apple.com/us/podcast/your-everyday-rich/id1676179014\
Spotify: https://open.spotify.com/show/1JHf9dfrh1xrQ8on5sPQIg
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Disclaimer
Your Everyday Rich Podcast is presented solely for general informational, educational, and entertainment purposes . Any such information or other material referenced in this podcast should not be construed as legal, tax, investment, financial, or other advice. It is not intended as a substitute for the advice of a qualified professional.
