/biz/ - Business & Finance

Not being afraid of debt has worked for me. That said I am a healthy, motivated guy with a family that comes first, so I have never been tempted to get in over my head with it or buy stupid bullshit.

Chase credit card pays me 1.5% back on all purchases no interest for 15 months. Run it up all over the place but then pay it back down before the 15 months are up. It's paid me back over $2,000 as I try and flow all my purchases through it

Bought a home at a 3.75% interest rate. Average inflation rate is 3% so I'm essentially paying a .75% interest rate on $450,000 loan. How can you beat that? Even if the market stayed exactly the same I dont lose. If the market drops I just hold the house until it goes back up. If the market pops I make a shitload of money.

Then I pulled out $40,000 2nd mortgage at 3.5% interest rate (this was during covid when standard rates were under 3%) for down payment to buy investment property.

I am in way more debt than other guys my age but the investments have worked thus far and my net worth is around $450,000 and I am 35. But if I just let it ride the way it is, I'll be worth 1mil all day long by age 50 - and that's if I stop investing now which I won't do. This is all before my 401k and other normal safe investments.

personal loans are insane - they are at 10% or worse and are short-term so you have huge payments.

my payment on the 2nd mortgage is interest only for the first 10 years, and then rolls over into a standard 10 year loan after that. That means I pay like $95 per month for a fucking $40,000 cash loan.

Just be responsible and have a backup plan or debt will kill you. If you get a credit card get a big fat no interest one and actually monitor it so you don't fuck yourself.

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>>28046559
Buy rare earth mineral mines, particularly the warrants

Welp shit, I'm glad I didn't buy into you rubic fags. Maybe now the shilling will go away. Rubic had the worst shilling I've ever seen here.