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Ramsey Everyday Millionaires

Should I Leverage Debt To Invest & Build Wealth?

Ramsey Everyday Millionaires

Ramsey Network

Investing, Business, Careers

4.6 • 3.6K Ratings

🗓️ 8 September 2023

⏱️ 8 minutes

🧾️ Download transcript

Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, George Kamel & Jade Warshaw. Helpful Resources: Need Help with your investments? Click here to connect with a SmartVestor Pro. To learn more about how to plan for Retirement click here To learn more about Investing click here Create a college savings plan for your child’s future. Click here to connect with a SmartVestor Pro. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0

This episode is sponsored by Smart Vestor.

0:07.2

Connect with an investing pro for free at Ramsey Solutions dot com slash invest.

0:15.2

You're listening to Ramsey everyday millionaires where we talk investing, retirement, building

0:19.7

wealth, and outrageous generosity.

0:22.9

Cecilia is in Atlanta to start off this hour.

0:25.8

I Cecilia, how are you?

0:27.0

Hey Dave, I'm great.

0:28.6

Thanks.

0:29.6

We help.

0:30.6

So I'm interested in whether or not I should leverage equity lines for more property

0:37.2

when I've tried to not have debt and is that safe for investment property activity.

0:45.6

Okay.

0:46.6

You realize your sentence is just ran against each other, right?

0:49.6

I mean, that's possible.

0:51.6

I don't want any debt.

0:53.1

Should I go into debt?

0:54.6

No.

0:55.6

I mean, that was what you just told me.

0:57.0

I'm confused.

0:58.0

Okay.

0:59.0

So based on, there are a lot, many, many people buying homes and then getting lines of

1:06.0

equity to buy additional homes as investment properties.

...

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