Brad HartI help 7-8 figure entrepreneurs scale faster with AI, masterminds, and results-driven systems | Founder of Optimus & Repurposefully

Shocking Truth About America's Cheapest Money #personal finance #investing #credit cards

Name: Shocking Truth About America's Cheapest Money #personal finance #investing #credit cards
Uploaded: 2023-04-25T22:31:27+00:00
Duration: 41 s
Channel: Brad Hart
Description: A short diarized excerpt of a Brad Hart YouTube video discussing the contrast between very low-cost long-term borrowing (example: 30-year fixed at 3.25%)…

25 Apr 2023 · 1 min

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A short diarized excerpt of a Brad Hart YouTube video discussing the contrast between very low-cost long-term borrowing (example: 30-year fixed at 3.25%) and high-cost credit-card debt (examples: 22%, 13%). The speakers describe using low-rate debt to invest and capture a spread, mention inflation potentially at 8–9%, and argue tax liens may be attractive because foreclosures could increase in the next six to 18 months, offering returns around 18%; the discussion also touches on the moral implications of profiting from foreclosures.

Questions this video answers

22% and 13%.

3 1/4% (three and one-quarter percent).

8% to 9%.

Six to 18 months.

18%.

So, like, the cheapest money I've ever.
Seen in America, you.
Know, is 0%. Some of my credit cards are like.
22%, some of them are 13%. But that's generally like the range you're going to see on a credit card.
Now you're talking.
Money that's 30 year fixed at 3 1/4% where the inflation rate might be 8 or 9%, right?
And so I'm like, okay, well, I'm going to take as much of that money as possible.
I got into literal arguments with people like, why would you take the money? And in 30 years, which is what happened in the last 30 years, the.
Money'S worth half.
Of what it is now. Well, then I've paid that loan back and I've made.
A spread on that.
Loan, right? That's where you have to kind of look at it. And if you don't have any moral compunction with.
Foreclosing on.
Somebody'S house, now's.
A great time to get into tax liens because we're going to see all.
These foreclosures in the six to 18 months that, you know, I mean, you either get paid 18% on your money, but you can borrow for a lot lower than that. I always tell people, like, if you've.
Got high interest debt, that's a guaranteed 100% likely.
Return of whatever the interest rate is.