Join my Money Tips 365 Supporters Club on Spotify: -  https://podcasters.spotify.com/pod/show/charles-kelly/subscribe Leverage is a term used in business for borrowing money or using debt to buy assets.  Other people’s money (OPM) has been deployed for centuries to help governments and businesses to raise capital, which I’ve written about in my book, Borrow and Grow Rich.  There is a big difference between good debt, which helps you buy assets that produce income, capital growth, and create jobs and bad debt to consumer goods which go down in value.  Can you think of an example of where you have used good debt or leverage to buy an asset like a property?   Have you also used bad debt, such as a credit card, to buy something that you didn’t want to save up for? How much has that item cost you in interest? Lessons Use good debt, leverage and OPM to accelerate your wealth building process. Avoid credit cards and other bad debt and only use a credit card to pay for things that you can repay in full at the end of the month.  If you have credit card debts, start on a plan to clear the balance as soon as possible, rather than just paying the minimum amount each month.  Join my Money Tips 365 Supporters Club on Spotify: -  https://podcasters.spotify.com/pod/show/charles-kelly/subscribe Need help with your money? We are living in challenging economic times. I want to show you how can you: Not only survive, but thrive in a recession or depression? Get control of your finances and spending? Save and invest for your future? Learn about money and finance? To help you, I am running a free training webinar.   3 Steps To Success Money Management! I want to take you to the next level, help you get control of your money, learn how to invest and become financially free.  Join me online on my free live money management training Wednesday at 8.00PM.  Places are limited, so register now below to avoid disappointment. https://bit.ly/3QPp8IH #property #mortgages #remortgage #firsttimebuyer #mortgagerates #homebuyers  #housepricefall #finance #moneytraining #moneymanagement #wealth #money #buytolet #rentalproperty  #leverage OPM