Equity Magic

Official Interest rates on hold again at 1.5%

DEBT - YOUR FRIEND OR ENEMY?

That will depend on whether the debt ADDS to your wealth (good debt) or ROBS your wealth (bad debt).

Basically, borrowing money to buy income producing assets is good debt because the cost of the debt (interest) is LESS than the rewards from the investment.

Most of us could not buy a business or property without a loan from a bank or lender.

Buying a property that will double in value in 10 years is a good investment, even if you still owe the same amount you borrowed over that time.

Borrowing for holidays, cars and luxury additions is bad debt and will drive you both crazy and broke.

Most rich people use debt (OPM, Other People's Money) to build wealth.

So no, debt is not stealing MY treasure - debt is the doorway that helps me accumulate treasure.

Ask me about it !!

Earning income from sub-division.

Buy this block for $250K, split it into three and sell the three divided blocks for around $150K each.

After sub-division costs and tax still an easy minimum $100 - 150K profit to pay a few bills.

Any person can do this.