“My point is that many financial genius’s will tell you to leverage, leverage, leverage……………but leverage can easily land you in the poor house. Use common sense when getting a mortgage.”
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That’s very wise advice. I agree. Your children are lucky. 🙂
Most people spend everything when they leverage. That’s why families who have lived in America for generations don’t have anything to their names. Let’s say a husband and wife can pay-off two houses in a lifetime of regular work. Their two children should have no need for mortgages.
