Why would you ever pay 5% interest to earn 4%??
The Infinite Wealth Podcast
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Paying Cash Is Not the Best Option
A lot of times people just want to use cash, right? We have some opportunities here on that five % loan rate that exist right now with banks where we can goa utilize that and lower it. And like anthony said, we can even write off some of that interest a lot of times,. The question that you proposed originally was, whould i pay for what? I pay five to earn four, right? So first and foremost, paying cash is not the best option. That's probably the biggest lesson that i learned from nelson's book.
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