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Debt Financing Explained! Real Estate Investing, Money, Finance, Debt, Leverage, Interest Explained

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Self-paced course

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Overview

This class is built for you to understand different types of debt financing. 80% of Americans have debt and that's another reason why this class was created.

We will dive into the following types of debt:

  • Credit Card Debt
  • Auto Debt
  • Mortgage Debt
  • I am creating a separate class for school loan debt as this is a complicated subject

Like all of my classes this is interactive so you'll be working on the attached spreadsheet to learn how:

  • Daily compounding interest works on credit cards
  • Loan amortization schedules work for both auto and home loans
  • Be able to decide if a cash back or 0% interest financing offer is better for cars

At the end of this class you will:

  • Understand banks' incentives for you to get a loan (they make a lot of money off of you)
  • Understand how the different types of debt financing work - credit cards vs. auto loans vs. home loans
  • The Pros and Cons of each type of debt
  • Myths of Personal Finance
    • Do you really own your home?
    • Do you have to keep a balance on a credit card to build your credit?

I hope you enjoy my class as this is my dream job! Helping average people like you and me control their finances, earn their financial freedom and live a stress free life!

Skills you will gain

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2187 students

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English

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Beginner

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