Comments on: Borrowing To Increase Your Net Worth http://www.thefinancialblogger.com/borrowing-to-increase-your-net-worth/ This is where your finance takes place Thu, 18 Mar 2010 20:40:04 +0000 http://wordpress.org/?v=2.9 hourly 1 By: Sonya http://www.thefinancialblogger.com/borrowing-to-increase-your-net-worth/comment-page-1/#comment-3398 Sonya Thu, 25 Sep 2008 00:12:44 +0000 http://www.thefinancialblogger.com/?p=749#comment-3398 We invest on "credit" too - and I agree, banks don't necessarily look at it in the same way we do. Especially now with the "crisis" going on. It will be interesting to see how it all shakes out! We invest on “credit” too – and I agree, banks don’t necessarily look at it in the same way we do. Especially now with the “crisis” going on. It will be interesting to see how it all shakes out!

]]> By: Until Debt Do Us Part http://www.thefinancialblogger.com/borrowing-to-increase-your-net-worth/comment-page-1/#comment-3340 Until Debt Do Us Part Fri, 19 Sep 2008 15:17:47 +0000 http://www.thefinancialblogger.com/?p=749#comment-3340 Great Article. I like your attitude to debt. While most people take on bad debt you are leveraging your ability to borrow to make money. Good Debt! Nice one! Sure some people might regard it as risky but I can see exactly what you are trying to do and I like it! and as the saying goes 'no risk - no reward' Great Article. I like your attitude to debt. While most people take on bad debt you are leveraging your ability to borrow to make money. Good Debt! Nice one!

Sure some people might regard it as risky but I can see exactly what you are trying to do and I like it! and as the saying goes ‘no risk – no reward’

]]> By: Money Hacks Carnival #30 at On A Quest To Be Debt Free | Money Hackers Network http://www.thefinancialblogger.com/borrowing-to-increase-your-net-worth/comment-page-1/#comment-3324 Money Hacks Carnival #30 at On A Quest To Be Debt Free | Money Hackers Network Thu, 18 Sep 2008 03:40:38 +0000 http://www.thefinancialblogger.com/?p=749#comment-3324 [...] Financial Blogger presents Borrowing To Increase Your Net Worth posted at The Financial Blogger. Everybody knows that there is bad debt and good debt. This article [...] [...] Financial Blogger presents Borrowing To Increase Your Net Worth posted at The Financial Blogger. Everybody knows that there is bad debt and good debt. This article [...]

]]> By: Money Hacks Carnival #30~Fall is in the Air Edition | On a Quest To Be Debt Free... http://www.thefinancialblogger.com/borrowing-to-increase-your-net-worth/comment-page-1/#comment-3310 Money Hacks Carnival #30~Fall is in the Air Edition | On a Quest To Be Debt Free... Wed, 17 Sep 2008 10:05:27 +0000 http://www.thefinancialblogger.com/?p=749#comment-3310 [...] Financial Blogger presents Borrowing To Increase Your Net Worth posted at The Financial Blogger. Everybody knows that there is bad debt and good debt. This article [...] [...] Financial Blogger presents Borrowing To Increase Your Net Worth posted at The Financial Blogger. Everybody knows that there is bad debt and good debt. This article [...]

]]> By: The Financial Blogger http://www.thefinancialblogger.com/borrowing-to-increase-your-net-worth/comment-page-1/#comment-3234 The Financial Blogger Tue, 09 Sep 2008 14:03:18 +0000 http://www.thefinancialblogger.com/?p=749#comment-3234 Hey Mat, First, I found out about the website industry through the techy guy behind TFB; my best friend Pierre. He was running websites back in the 90'. We are always looking for website on forum such as Site Point (where I found out that Violent Acres was for sale!!!) and Digital Point. Second, I decided to work for a bank as a financial planner. That gives me a steady salary so we can live without worries. While I could make a lot more as an independent, I decided to start with a based salary. You may want to consider this option as well. Hey Mat,

First, I found out about the website industry through the techy guy behind TFB; my best friend Pierre. He was running websites back in the 90′. We are always looking for website on forum such as Site Point (where I found out that Violent Acres was for sale!!!) and Digital Point.

Second, I decided to work for a bank as a financial planner. That gives me a steady salary so we can live without worries. While I could make a lot more as an independent, I decided to start with a based salary. You may want to consider this option as well.

]]> By: Sam of Fix My Personal Finance http://www.thefinancialblogger.com/borrowing-to-increase-your-net-worth/comment-page-1/#comment-3229 Sam of Fix My Personal Finance Tue, 09 Sep 2008 05:15:32 +0000 http://www.thefinancialblogger.com/?p=749#comment-3229 I like the idea of buying already earning websites. You got them from sitepoint? Definitely a good debt! I plan to purchase a reseller program so that I could offer hosting packages too. Hope this will push through. I like the idea of buying already earning websites. You got them from sitepoint? Definitely a good debt! I plan to purchase a reseller program so that I could offer hosting packages too. Hope this will push through.

]]> By: Richard http://www.thefinancialblogger.com/borrowing-to-increase-your-net-worth/comment-page-1/#comment-3225 Richard Mon, 08 Sep 2008 20:20:07 +0000 http://www.thefinancialblogger.com/?p=749#comment-3225 As my land guy told me the other day when I said I was buying 3 lots (~700k) instead of 2 (~150k) .... More power to ya!!! As my land guy told me the other day when I said I was buying 3 lots (~700k) instead of 2 (~150k) ….

More power to ya!!!

]]> By: The Financial Blogger http://www.thefinancialblogger.com/borrowing-to-increase-your-net-worth/comment-page-1/#comment-3224 The Financial Blogger Mon, 08 Sep 2008 19:59:30 +0000 http://www.thefinancialblogger.com/?p=749#comment-3224 Richard, I agree with you and I definitely do not suggest anyone to do the same. The more money you borrow, the more at risk you are if you lose your job. I did it because I am young and working in a really hot industry for the next 10 years (if it's not more!). I also did it because I like to take risk ;-) hehehe! Richard,

I agree with you and I definitely do not suggest anyone to do the same. The more money you borrow, the more at risk you are if you lose your job.

I did it because I am young and working in a really hot industry for the next 10 years (if it’s not more!). I also did it because I like to take risk ;-) hehehe!

]]> By: Mat http://www.thefinancialblogger.com/borrowing-to-increase-your-net-worth/comment-page-1/#comment-3223 Mat Mon, 08 Sep 2008 17:02:06 +0000 http://www.thefinancialblogger.com/?p=749#comment-3223 I found your blog through a friend of mine a few months ago and have found it a great read. You are doing a great job. After reading through your blog, I've noticed that I have very similar financial views as you and I'm actaully about 12-18 months behind you in my transition into financial planning (I'm interviewing the firms now) and a new season of life with family. I've always loved the idea of passive income, but am curious on how you broke into the web market? i.e. how did you find websites to buy that are of good value and providing a steady stream of income? (As you know leaving a steady salary job for financial planning with a new family can be a bit challenging). Any thoughts would be much appreciated. I found your blog through a friend of mine a few months ago and have found it a great read. You are doing a great job.

After reading through your blog, I’ve noticed that I have very similar financial views as you and I’m actaully about 12-18 months behind you in my transition into financial planning (I’m interviewing the firms now) and a new season of life with family.

I’ve always loved the idea of passive income, but am curious on how you broke into the web market? i.e. how did you find websites to buy that are of good value and providing a steady stream of income? (As you know leaving a steady salary job for financial planning with a new family can be a bit challenging). Any thoughts would be much appreciated.

]]> By: Richard http://www.thefinancialblogger.com/borrowing-to-increase-your-net-worth/comment-page-1/#comment-3222 Richard Mon, 08 Sep 2008 14:10:01 +0000 http://www.thefinancialblogger.com/?p=749#comment-3222 Before I say this, let me state I am the kind of person that can find the good and bad in pretty much anything. This is great that you can do this and it is building your assets, however, you loose your job and this strategy becomes a problem. I learned the hard way on this. Granted my debt was bad debt, but it was still debt. Got laid off in '02 and was unemployed for 6 months. Just now starting to recover. I'm in the same situation with people as well, because of that one incident, people don't believe I can give good, sound financial advice. Here's to it staying steady!!! Before I say this, let me state I am the kind of person that can find the good and bad in pretty much anything.

This is great that you can do this and it is building your assets, however, you loose your job and this strategy becomes a problem.

I learned the hard way on this. Granted my debt was bad debt, but it was still debt. Got laid off in ‘02 and was unemployed for 6 months. Just now starting to recover.

I’m in the same situation with people as well, because of that one incident, people don’t believe I can give good, sound financial advice.

Here’s to it staying steady!!!

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