{"id":376,"date":"2019-11-16T00:00:00","date_gmt":"2019-11-15T22:00:00","guid":{"rendered":"https:\/\/investinslovakia.eu\/sobotnajsia-treti-princip-investora-dlhom-k-bohatstvu-alebo-ku-katastrofe\/"},"modified":"2022-07-26T19:41:38","modified_gmt":"2022-07-26T17:41:38","slug":"treti-princip-investora-dlhom-k-bohatstvu-alebo-ku-katastrofe","status":"publish","type":"post","link":"https:\/\/wordpress.investinslovakia.eu\/en\/treti-princip-investora-dlhom-k-bohatstvu-alebo-ku-katastrofe\/","title":{"rendered":"Debt to riches. Or to disaster?! 3. THE INVESTOR PRINCIPLE"},"content":{"rendered":"

Some time ago, I wrote a two-part series on investor principles. It's time for me to finish these ideas because I think they are key to starting to live a fuller and richer life. <\/p>\n\n\n\n

Before I introduce the 3. INVESTOR PRINCIPLE, I will remind you in a short recap what the first two investor principles were all about:<\/p>\n\n\n\n

1. INVESTOR PRINCIPLE: Find\nfind a passive income now! <\/a><\/p>\n\n\n\n

The article talked about finding a source of passive income. It's really important. Without a passive income that you can increase over time, you will never begin to live a fuller and richer life. If your only income is what you exchange for your time at work, you will find yourself in a \"rat race.\" Gradually, this will cause you to begin to let go of your dreams that you have clutched so tightly in your hands. <\/em><\/p>\n\n\n\n

2. INVESTOR PRINCIPLE: Unfair\nadvantage of the rich.<\/a><\/p>\n\n\n\n

The article talked about making passive income at an amount that will start to build real wealth for you. If you are offered passive income by a bank in a savings account with 0.5 % or 2 % return per annum, get off your chair, turn on your heel and walk away. This passive income will only feed the bank and not you. \u2639\ufe0f<\/em><\/p>\n\n\n\n

Now I'm going to share with you an idea that I'll develop in the 3rd PRINCIPLE OF THE INVESTOR. This is: Debt to riches. Or to disaster?!<\/strong><\/p>\n\n\n\n

Debt to disaster! <\/h2>\n\n\n\n

Unmanaged debt can wreak havoc on families. Last Saturday I wrote an article<\/a> about being careful where you put your own money and gave examples where two friends of mine lived thanks to different thinking completely different lives.<\/strong><\/p>\n\n\n\n

This is doubly true of debt. Well, if you learn to use your own money, you will learn to manage debt. With managed debt, you can multiply your passive income from day to day. <\/em> <\/p><\/blockquote>\n\n\n\n

But let's get this out of the way.<\/em><\/p>\n\n\n\n

On TV, on the radio, on the Internet, on billboards ... everywhere there are ads for loans, for credit and for taking on debt. <\/p>\n\n\n\n