Ravi Sharma · Personal Finance with Ravi Sharma | Australian Finance & Property Podcast · How To Actually Get Rich In Australia | 7 Rules!
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Advocates taking productive debt (leverage) to accelerate wealth rather than avoiding debt completely
“Using leverage accelerates your wealth creation in ways that saving your money can't... owning the most you can safely by leveraging makes sense to me.”
“Debt recycling is about taking… not about taking on additional leverage… every dollar you free up on the deductible side is a dollar you've paid out on the non-deductible side”
“You need to earn over 13% on your investment to be better than paying down the debt… debt repayment is risk-free”
“Take the 150 billion off the 2 trillion in government debt… reduce debt by about 12% and save 8 billion a year”
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