Girish GanarajA few months back, I met a friend of mine who came from the US on a holiday. He has done quite well for himself over the last 20 years in the US, and has built a fairly large investment portfolio. He has also successfully built a healthy real estate portfolio over the years in the US. Discussions veered towards that, and he said something that made me sit up.His words were “I love Leverage.”Close When he said this, my immediate reaction was to disagree. Loans are bad, and one should be debt-free in one’s pursuit of financial well-being. That said, I have since realized that debt is not as one-dimensional as one thinks it is. We have also faced this situation when we make financial plans – when people have debt on their personal balance sheet, and some cash comes in, what should one do? The use of the word “leverage” instead of “debt” somehow made all the difference for me to look at it in new light. related news CG Power’s current debt default at Rs 1,023 crore Stood as guarantor? Know how to protect yourself if the borrower defaults on loans Mutual funds update: All equity,… Read full this story
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