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to $B or not to $B - that is the question
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<blockquote data-quote="Angus Cowman" data-source="post: 599220" data-attributes="member: 8829"><p>Well for one thing I don't pay 10k interest on 100k loan only 6.4% and my 100k investment is returning at a minimum of 4.5% so the deduction on interest off sets the gain on my investment and therefore keeping my assets liguid because I can remove the 100k where If I pay my loan off I would have the real property but no deductions </p><p>I am not knowledgeable enought to get into details but like I said my accountant and a financial advisor have both told me and showed me on paper how I am better off putting my money in the bank and keeping my loans active </p><p>Also have done business and been freinds with some very wealthy people very successful businessmen and they all will tell you to work off someone elses money (banks) not your own</p></blockquote><p></p>
[QUOTE="Angus Cowman, post: 599220, member: 8829"] Well for one thing I don't pay 10k interest on 100k loan only 6.4% and my 100k investment is returning at a minimum of 4.5% so the deduction on interest off sets the gain on my investment and therefore keeping my assets liguid because I can remove the 100k where If I pay my loan off I would have the real property but no deductions I am not knowledgeable enought to get into details but like I said my accountant and a financial advisor have both told me and showed me on paper how I am better off putting my money in the bank and keeping my loans active Also have done business and been freinds with some very wealthy people very successful businessmen and they all will tell you to work off someone elses money (banks) not your own [/QUOTE]
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to $B or not to $B - that is the question
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