Productive DebtGood Debt, Bad Debt and Productive Debt!! I’m for the Productive Debt. We sometimes get hung up on not wanting to have any debt at all but in the case of Productive Debt, i.e. the debt you have when you are investing in positively geared property, well that is good debt! In fact bring it on!! How can I save money fast enough to get some more. Productive Debt is what leads to the mathematical formula that Chris loves to work with so much, that educates me clearly on how many properties I need to work towards depending on the amount of money I would like to retire on. For example, 6 properties based on a purchase price of $500k will give me an annual income of 60K. Is that enough? Personally my goal is to work towards a little more than that so therefore I need to keep investing in property.
What is very clear to me since becoming a Midas Touch Client is that holding on to property is by far the easiest and fastest way to create a passive income stream and grow equity. As long as I continue to educate myself and surround myself with like-minded people the pathway becomes clearer and most definitely gets easier.
Good Debt, Bad Debt and Productive Debt is a workshop that Chris holds and also the topic covered in Master Class No 2. I encourage you to watch it and email me if you have any questions. Most importantly keep learning, keep educating yourself and keep investing in to Productive Debt.Reminder to keep an eye on our website for all our workshops. You have everything to gain by coming along.
Lynn Levitt – Think Money Wealth Coach and Goal Mapping Expert.