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

and outrageous generosity.

Today's question comes from Teresa in Oklahoma.

She's asking, the term leverage has become a ubiquitous term I encounter when discussing

anything financial in almost any setting, be it business or personal.

The user drops leverage into the conversation with a smug and confident tone that makes

one believe that only a buffoon wouldn't use the power of leverage.

The implication is that through some modern and smart financial jujitsu, one dollar gains

the power of 10 with zero downside.

Whenever I hear the term leverage, I act dumb and say something like, by leverage, do you

mean take on debt?

And then listen poker faced as the spectrum of responses unfold.

I used to find it entertaining, now it's just kind of boring and sad.

I'm curious if you have any thoughts on the current use of the term leverage in the

financial sense.

I once saw this as sort of a verbal curiosity and a fun game for me, but I now believe

it's actually a quite evil use of the word, thanks for all you do.

Well Teresa might be one of the most well-spoken blinds.com questions we've had.

Just wonderful pros there Teresa.

Well, and she's on to something.

They're trying to say, I am sophisticated, I am an aristocrat, I use debt.

The other one you'll hear thrown around, especially with the TickTack guys, is arbitrage.

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