4min chapter

My First Million cover image

Michael Sonnenfeldt: The Most Successful Real Estate Deal of All Time and Building a Community of Billionaires

My First Million

CHAPTER

What Is an Asset Back Loan?

Most tiger members wouldn't want any debt. A debt can be very corrosive at exactly the wrong time. For people who are levered, they could have been wiped out. If you want to be here for the long term and preserve wealth, i would argue, you want as little debt as possible.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode