Have You Heard??
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The speaker is in debt for 25 million dollars, which costs them 127,000 dollars per month in mortgages. However, they own real estate assets worth 42 million dollars, which means they have 17 million dollars in equity. The debt allows them to collect 287,000 dollars per month in rent, which is more than enough to cover their mortgage and other expenses. The speaker believes that not all debt is bad, as going into debt to buy assets that produce cash and grow in value is how wealth is created.
The speaker is in debt for 25 million dollars, which costs them 127,000 dollars per month in mortgag