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Ugo Okonkwo

BusinessOMatic.com
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Food for Thought
Wealthy people are often Asset-Rich but Cash - Poor

Bad debt equals money borrowed (on credit cards and loans) to purchase assets that never pay for themselves or assets that depreciate in value. For instance money borrowed to purchase cars and finance holidays and vacations.

Good debt is money borrowed to pay for anything that appreciates in value or at least will pay for itself.. For example money borrowed to purchase antiques, rare stamps, art and so on. Real estate (property) may pay for itself through any rental income.

Gearing means investing relatively very little of your own money in order to gain the maximum returns possible. The balance of the finance that is raised for investment purposes should be mostly borrowed. (Highly geared). This way, you make whatever money you have work very hard for you indeed.

Articles: Other People’s Money

Articles:

How to Avoid Credit Card Late Fees
How To Get Rich Using Other People’s Money
The Lazy Persons Secrets To Overnight Wealth and Fame
How To Borrow £10,000 to £30,000 with your credit card
How To Obtain A First Class Credit Rating
Huge Profits In Property Using Other People's Money
How To Raise Over £100,000 in 2 Days
How To Have Any Major Credit Card You Desire
How To Raise Money For Starting Your Own Business
Gain Access To Millions of Pounds in Venture Capital
How To Start Your Own Credit And Debt Counselling Service
Have a loan which is guaranteed by the Government
Borrow money that you never need to repay
Business Financing: How to find Money For Businesses of All Sizes
How To Get A Visa/Mastercard With No Credit Check
Who Wants To Be A Millionaire?
From Debt to Financial Freedom
21 Secrets of Self Made Millionaires
3 Simple Ways to Generate Cash Flow

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