This move could save you hundreds or even thousands of dollars, so it's usually
worth taking on more debt.
Not exact matches
It's strange how quickly my mindset changed from de-risking to increasing risk in two years, but I decided to
take on $ 1,000,000
more in
debt to buy a fixer in Golden Gate Heights because my online revenue was growing, my net
worth had rebounded, and I strongly believed buying a panoramic ocean view home
on both levels for $ 720 / sqft was a no brainer.
In addition to material and labor being
more affordable (provided you're willing to put some sweat equity into the project), houses can be built in stages and added
on to as resources allow — certainly a better option than
taking out an overwhelming mortgage and racking up hundreds of thousands of dollars
worth of
debt.
Both private equity and venture capitalists can be
more expensive than your typical business loan — investors tend to want a higher return — but it could be
worth it if you don't want to
take on debt.
While
taking on debt to fund a college degree is associated with having a lower net
worth, a
more complete financial profile suggests a bachelor's degree does pay off in other ways, particularly in terms of household income.
Regulators have warned in recent years about
debt - burdened consumers
taking advantage of loan offers that leave them in a negative - equity situation where they owe
more on the car than it's actually
worth.