How to use debt to create wealth LIVE 12PM EST - Grant Cardone

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Debt is necessary to create real wealth… I will show you here how to use debt constructively to create both wealth and cash flow for your family… Dave Ramsey says all debt is bad…and he is right Consumer debt, cc debt, student loan debt, home mortgages…. US consumer debt is 15Trillion as of Sept 2021 Average consumer has 93K in debt including consumer, loans, student loans, mortgages Why do so many great companies use debt Apple 120B with =70B in cash Google 10B bond debt offering with total of 14B in debt Amazon 33.7B with 73B in cash Tmobile 75B ATT -180B FB 12B Companies often use debt when constructing their capital structure because it has certain advantages compared to equity financing. In general, using debt helps keep profits within a company and helps secure tax savings. There are ongoing financial liabilities to be managed, however, which may impact your cash flow. Good Debt is a way to build real wealth $1000 can not borrow a $1000 $1000 can borrow $4000 worth of real estate 10,000 can become $40,000 100,000 can leverage into 300-400K and all the interest is deductible the asset you bought is a write off and the asset will do something cash can not - produce cash flow Three things when taking debt 1) Does it create wealth…something more valuable than what I borrowed 2) does it provide leverage 3) is the interest tax deductible from earned income 4) Does it provide cash flow in excess of the cost 5) Can I depreciate the asset... Call in with your questions 305.865.8668 To learn more about creating wealth by using debt, click on the link below: https://www.grantcardone.com/rei #passiveincome #realestate ----- ► More Grant Cardone Instagram: https://instagram.com/grantcardone iTunes: https://itunes.apple.com/us/podcast/cardone-zone/id825614458 ► This is an AD FREE Channel with new videos added daily concerting #RealEstate #Investing #Entrepreneur #Money #Sales #Scaling #Leadership #Socialmedia #Marketing #10 #Speaking #Family #Finance Subscribe to Grant Cardone YT Channel: https://www.youtube.com/user/GrantCardone?sub_confirmation=1 -- Grant Cardone Career and Bio TV Undercover Billionaire CEO - CardoneCapital.com Real Estate Holdings 2.2B AUM Founder - 10X Movement Business Conferences Worldwide Author - The 10X Rule. (Plus eight more biz books) Philanthropy Grant Cardone Foundation - Support kids without fathers. Raised Over 100M for Charites This is not an offer, solicitation of an offer, to buy or sell securities. Past performance is not an indication of future results. Investing involves risk and may result in partial or total loss. Prospective investors should consider carefully investment objectives, risks, charges and expenses, and should consult with a tax or legal adviser before making any investment decision. For additional information, visit www.cardonecapital.com/disclosures.

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