))
The 7 Deadly Costs of Borrowing to Create Wealth
Manage episode 484584002 series 3667545
Content provided by Ask About Wealth. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Ask About Wealth or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
In this episode of Ask About Wealth, we delve into the much-asked question: Should you borrow to create wealth?
The straightforward answer depends on a thorough analysis of the costs involved, which are far more than just the interest rate.
The video explores various costs including APR (Annual Percentage Rate), application fees, insurance, tax implications, and the time value of money. It emphasizes the importance of understanding all these factors to ensure that the return on investment outweighs the total cost of finance.
- Should You Borrow to Create Wealth?
- Understanding the True Costs of Borrowing
- Breaking Down Additional Costs
- The Impact of Taxes and Time Value of Money
- Making Informed Decisions
Ask about wealth helps Ireland’s high earners preserve and grow wealth.
https://linktr.ee/askaboutwealth
Hosted on Acast. See acast.com/privacy for more information.
39 episodes
Share
