Leverage

What is leverage?

Proper use of leverage allows you to create wealth more quickly.

Get out of the mindset that you have to do everything yourself to be successful. More effective to build a team around you.

Ways to get leverage:

Example: Mortgage

Danger alert: if the asset falls in price and you have to sell it leverage can wipe you out financially

Calculate what leverage can do to your returns: the good and the bad.

After completing activity watch Youtube video below: Concept of Leverage - Risk and Reward