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A couple million in bank debt isn't leverage. It's a leash with someone else holding it. Small debt makes you owned. Big debt makes you a partner they have to work with. Think $25 million or nothing. Anything in between just leaves you exposed. Profitability erases problems. Debt just stacks a second one on top.
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A couple million in bank debt isn't leverage. It's a leash with someone else holding it. Small debt makes you owned. Big debt makes you a partner they have to work with. Think $25 million or nothing. Anything in between just leaves you exposed. Profitability erases problems. Debt just stacks a second one on top.
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PSA this isn’t financial advice it’s just what I DO personally. I got a British Airways Amex card when I was around 26, and I wish I'd seen a video like this because I would have gotten more for my money in that time if I'd had this advice. At 31, I feel like I've finally understood how to best use it I love sharing all my personal finance tips with the girlies #personalfinance #personalfinancetips #influencer
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