Quote:
Originally Posted by Mr.Coffee
I suppose I'm a simpleton because I don't understand how you can "leverage" your debt into greater wealth. Wouldn't paying off the debt completely so that you have 0 debt be the ultimate goal?
Please try and explain like you would to a student?
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I think what he means is if you have, say, a mortgage with low interest rate and payments that you can handle, it doesn't make sense to try and pay off that nice debt faster. Take the extra amount that you would be putting into paying off the nice debt and put it into something else. For example, use it to get a new mortgage on some other investment property or something.