00:00How to become a millionaire. Part 10. Everyone tells you to stay away from debt. The rich do
00:06the opposite. They don't use debt to buy liabilities. They use debt to buy assets that
00:12can pay them every month. Imagine putting 20% down on a rental property. The bank funds the
00:18other 80%. Then your tenant pays the mortgage, covers the expenses, and may even leave you with
00:25positive cash flow. While you're living your life, someone else is paying off your loan,
00:29and your property may increase in value over time. That's the difference. Poor debt takes money
00:35out of your pocket. Smart, well-managed debt helps you acquire income-producing assets.
00:41But this is only one of the 15 leverage strategies the wealthy use. The most powerful strategy lets
00:47them access millions without selling their investments, and almost nobody knows how it
00:52works. Watch the full video now. The link is in the pinned comment below. Don't miss the other 14
00:58strategies that could completely change how you think about money.
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