This is the Ramsey Call of the Day, part of the Ramsey Network.

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

at 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 jiu-jitsu, $1 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 tech-tech guys, is arbitrage.

Oh, yes.

Arbitrage.

It's another, it's another.

That sounds French and fancy.

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