Apr 21, 2024
10:01:38pm
Division Bell Recovering
RE: He has gotten rich telling people to avoid debt
Most real estate gurus, including a very wealthy friend, preach the virtues of leveraged purchasing of homes. The buy and hold, fix and flip, sign and assign methods have worked for some people to great effect.

They preach generational wealth as the best gift you could ever give your loved ones. It's the end-all, be-all of this world. I'm not sure I agree. I've seen ruined families, compromised marriages, ruined grandchildren who fritter away money in an entitled purchasing frenzy. Most wealth is gone by the 3-4 generation, and the children are not better off for having their every wish granted.

But as far as unneccesary debt goes...


To the Boys and to the Men




True to the Faith

Division Bell
Previous username
BluePete
Bio page
Division Bell
Joined
Jul 20, 2002
Last login
May 19, 2024
Total posts
96,543 (18,571 FO)
Messages
Author
Time
Apr 22, 8:36am

Posting on CougarBoard

In order to post, you will need to either sign up or log in.