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Build up wealth quickly

lonewolf

If you have only limited funds available a quick way of building up wealth is to borrow a small amount of money using a principle and interest loan and invest into high quality shares, for example borrow $5,000 pay off at $100 a week using wages any dividends are paid into loan to speed up repayment, any tax return is paid into loan also to pay off quickly, within less than 12 months you will own $5,000 worth of shares, you then go back to the bank and reborrow similar amount and repeat very soon the compounded effect of this will not only have you borrowing larger amounts safely but also increasing your cash flow and asset base.

Shared by lonewolf on 3/1/08
AngelNaphtalie

This is very helpful, and wise for most cases. Of course someone who has limited income and savings, and living on a strick budjet would not be able to get a $5,000. loan. But, it's still a good idea, if it could be done.
thanks