Day 5 of The 14-day Passive Income Challenge - Healthy vs unhealthy Leverage - Chaim Ekstein

[Music] welcome to day five of the 14 day passive income challenge my name is jaya maxteen and i'm super excited having you with me today we're going to discuss another element of the leverage part of the alm model attract leverage and manage and today we're going to discuss healthy leverage versus unhealthy leverage stay tuned and come with me healthy leverage versus unhealthy leverage although leverage could help you a lot in your passive income planning but you have to make sure that you focus only on healthy leverage and you stay away as far as possible from unhealthy leverage which can cause the shulam destroy your life and we don't want that we want to build you you don't want the opposite what is healthy leverage i give you a few examples it gives you tax benefits besides helping you and building your passive income plan you have some tax benefits you have healthy arbitrage you take you pay a certain amount of money for your money let's say three percent from the other side you can earn 10 percent that means it gives you a net of seven percent above of what you're paying that could potentially be healthy unhealthy paying for visa 25 30 crazy interest rates and having no deduction on that and then taking that money and investing it somewhere that will give you a lot of risk and not even give you what you're paying for the for mastercard and visa that's unhealthy leverage so it's very important super super important when you build your passive income plan foundation you should understand when you're focusing on leverage only only only focus on healthy leverage and stay away as far as possible from unhealthy leverage and this way by the hashem you're going to be able to succeed with your passive income life foundation thanks for being with me i'm looking forward being with you for the entire time on the 14 day passive income challenge