I found this article about tips an adviser shares with his ultra wealthy clients. Each week I'll post about a tip and how it applies to regular people.
6. Debt is not a bad word
So many people focus solely on getting out of debt - no matter what kind it is. But the wealthy - and real estate investors - understand it differently. It's like buying a product for $10, turning around and selling that product for $15 and pocketing the $5 profit.
In this case, the "product" is money - other people's money specifically. Borrow someone else's money, pay some interest but use that money to earn more money.
It's one way how people become wealthy, and more importantly, stay wealthy.
It's something that even normal people can do - start small and have money earn money!
