
01-06-2014, 09:48 AM
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Sage
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Join Date: Mar 2008
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Quote:
Originally Posted by gustavo
This advice is good for someone who wants a predictable, stable, financially uneventful life.
However, it is not the ONLY way to get ahead. I venture to say, if I'm in a room with 100 random people, I would be in the top 5% as related to net worth and I have always had and continue to have debt.
Most famous success stories I've heard of or read about involved a bit to a lot of risk taking, some making and losing fortunes more than once. Most wealthy people and 99% of all successful companies use debt as a tool. Like any tool, it can hurt you if you don't know what you're doing. But for those who can manage it, debt, as a tool in your financial tool box, will help you get to where you want to be.
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