Leverage (debt) is what got me where I am today. During my twenties, thirties and early forties I bought for no or little down and have since managed several rental income producing properties. Over the years rental income has amortized all but a now relatively insignificant amount of remaining debt in the 3% range. In 2022 and 2023 I sold two significant partnership properties and put 40% of the aftertax proceeds into T bills paying 5%+, the remainder into common stocks and ETFs. That being said leverage works both ways. My working adult life has spanned an extended period of inflation so it worked out in my favor. All my life I have avoided incurring personal debt. I have always paid my credit cards off every month. With a couple exceptions I paid cash for cars throughout my life.
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"No one is more hated than he who speaks the truth." Plato
“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
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