Is the way you think about debt holding you back?

Most Canadians have an adverse reaction to debt – and understandably so. For years, we’ve been told by financial gurus to eliminate loans swiftly and surely and avoid taking on more of them at all.

And, of course, keeping consumer debt in check is sage advice. But what about when it comes to building wealth through assets like real estate? Here, the wealthy take a wildly different stance on debt, and it becomes their superpower.

The wealthy (or at least the financially savvy) view smart debt not as a burden but as rocket fuel for pursuing bigger goals. By leveraging borrowing strategically, they explode their capacity to invest at scale in stable, income-producing assets. Then, they utilize inflation, rents, and optimized tax structures to perpetuate self-funding growth cycles.

Essentially, the wealthy know that wealth requires debt, and this mindset is key to setting yourself up for long-term financial success in any tax bracket.

The good news is that you needn’t be ultra-rich to tap into this. You don’t need to be “rich” at all! All it takes is educating yourself on how strategic debt usage can transform your investing abilities and how small shifts in leverage can open doors.

This is where game-changing mortgage strategies like rental cash damming come in. They allow everyday Canadians to leverage debt similarly to the wealthy by restructuring primary home loans to fuel rental property investments. In turn, cash-flowing rentals pay down debt obligations themselves in optimized cycles that require no extra cash upfront but catapult growth.

While it may seem counterintuitive, the numbers tell the true story – mindset-adjusted, strategic debt paves the fastest road to financial freedom.

Let’s connect to discuss the first steps in evolving your relationship with debt – it’s hard, I know. But by learning to view wise debt as an ally rather than an adversary, your potential opens up wider than you ever thought possible.

#growthmindset #Discipline #Sacrifice #Investing #debt