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Non-Cattle Specific Topics
Coffee Shop
Don’t tell people what you know, KEEP THEM POOR!
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<blockquote data-quote="CattleMan1920" data-source="post: 1563650" data-attributes="member: 37967"><p>Ask any truly successful businessman or businesswoman and they will tell you that leverage is a tool to use wisely, and if done so will increase your returns. </p><p></p><p>Leverage has demolished a lot of people and businesses, just look at what happened to Windstream lately. But if you use it wisely, you can exploit it, not the other way around. </p><p></p><p>To just make a blanket statement that all borrowing is bad is to not truly understand the power of leverage when it works in your favor. </p><p></p><p>If a bank will lend you money at 6% and you make a 15% return with that money, you win! You allocated that capital better than the lending institution could. </p><p></p><p>I'm sure there are many on here that if the funds were available that they could make that money work for them. </p><p></p><p>The real estate business is built on leverage, take it away and hardly anything would move.</p></blockquote><p></p>
[QUOTE="CattleMan1920, post: 1563650, member: 37967"] Ask any truly successful businessman or businesswoman and they will tell you that leverage is a tool to use wisely, and if done so will increase your returns. Leverage has demolished a lot of people and businesses, just look at what happened to Windstream lately. But if you use it wisely, you can exploit it, not the other way around. To just make a blanket statement that all borrowing is bad is to not truly understand the power of leverage when it works in your favor. If a bank will lend you money at 6% and you make a 15% return with that money, you win! You allocated that capital better than the lending institution could. I’m sure there are many on here that if the funds were available that they could make that money work for them. The real estate business is built on leverage, take it away and hardly anything would move. [/QUOTE]
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Don’t tell people what you know, KEEP THEM POOR!
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