Aussie FIRE | Financial Independence Retire Early Chapter 19: Fuel for the FIRE - Leverage
First off, we want to make something clear: debt and leverage can be a slippery slope. Many people in our community either avoid debt like the plague, or see it as a demon to slay. In fact, badly managed debt can scuttle even the surest of FIRE plans.
However, as we've said before, not all debt is created equal. While debt and leverage can sap our resources, they can, in some cases, propel our long-term investing. With this idea in mind, Victor from the Frugal Samurai uses this chapter to explore how leverage can serve our FIRE goals. He also assesses different leverage strategies for FIRE, and compares the pros and cons for each.
Would you prefer to read this content? Meander on over to our blog.
DISCLAIMER: This chapter references general topics like debt and financial leverage, but nothing included should be interpreted as tax or credit advice. You should see a tax adviser if considering these topics.
Pearler
Strong Money Australia
Original Aussie FIRE e-book
Strong Money Australia’s audiobook
Disclaimer
Any advice is general and does not consider your financial situation needs, or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.
Pearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guide
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