Leveraging on debts is definitely a useful method for gaining more wealth. The issue is, do you have your own set of risk management system to ensure you do not take on more debts than needed
More Quotes from Zeng Jun:
Yes, you can save money by refinancing. However it is actually a waste of your money if you refinance too often, therefore it is always wise to have your personal mortgage consultant or broker to advise you, to prevent you against that...Zeng Jun
If you are lagging behind in your housing loan payments due to some financial reasons, do not avoid the problem and call up your bank to negotiate the payment terms...
Zeng Jun
Remember, interest paid to banks only comes back to you in the form of a billing receipt. Nothing else...
Zeng Jun
Attempting to develop a piece of land without doing the appropriate due diligence can lead to unexpected surprises during the project. Failing to do so is one of the main reason as to why companies can go bankrupt after the project has commenced.
Zeng Jun
You should not leave your housing loan aside after getting it. Learn to keep track of it every six months, or retain an advisor, such as a mortgage consultant or broker who can help you to do it. You will realize you can save quite a large sum of money throughout your loan tenure.
Zeng Jun
It may be a good idea to get some equity out from your property for some renovation or to fund that investment idea. Using equity from your property is much cheaper than other types of credit facilities...
Zeng Jun
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Based on Topics: Danger & Risk Quotes, Debts Quotes, Money & Wealth QuotesIn politics, it seems, retreat is honorable if dictated by military considerations and shameful if even suggested for ethical reasons.
Mary McCarthy
I think the U.K. is too small to write about from within it and still make it seem foreign and exotic and interesting.
Mark Haddon
People are not disturbed by things, but by the view they take of them.
Epictetus