98. It's Called Leverage

51m | Jul 12, 2022

While many of us understand the functionality of a credit card, a financial tool that allows you to pay now and pay later, but not many of us understand the advantages a credit card can provide in the form of leverage. Leverage can be defined as using debt (borrowed capital) in order to undertake an investment. The goal would be to multiply the potential returns from the investment while, at the same time, leverage would also multiply the potential downside risk in case the investment does not pan out. In layman's terms, you use other people's money to grow your money and just in case the investment doesn't work out, you aren't out all of your own money. Listen in as Eva breaks down leverage and how she uses credit cards to her ultimate advantage...

Listener Perks:

EmpowerYou Financial