About Mey
 
/
Would You Borrow Money To Invest?

Would You Borrow Money To Invest?

It’s Mey here on a breezy Wednesday evening, had a nice evening with our financial planner and also worked out at the gym, and now winding down with tonight’s blog Would You Borrow Money To Invest?

…this is a controversial topic…

…and I think it just DEPENDS on the rate of the loan and also what the investment is…

…I recently had a talk with my mentor in Real Estate, and he advised that an investor with CASH wouldn’t go in on a real estate investment unless the return was AT LEAST 8%…

…so that means if you are borrowing to go in, then you need to offset the rate of your loan…

…let’s say that you have access to a credit line at 6%, which is roughly the current going rate…

…well, in order to make your 8%, you need to find something that is a STABLE 14% return…

…so it just depends…

…if you can find an investment like that, then yes, it would make sense to borrow to invest…
About Mey
 
/
Do You Lend Money To Your Friends?

Do You Lend Money To Your Friends?

Mey here on a breezy cool Tuesday evening, to boys went grocery shopping and left me to speed blog about today’s HOT topic – Do You Lend Money To Your Friends?

…I did a scope (live video on the Periscope app) today and asked this question, and got a lot of interesting responses…

…one lady had lent money to her brother, and was still waiting for him to pay her back…

…she said he was going through hard times…

…and that HE’S ALWAYS going through hard times…

…another live viewer from Vermont said that they never lend money to friends, if it’s under $100 they just give them the money…

…said it’s not worth the emotional hassle…

…tell me about it!

…some people are good about paying back money and some just are not at all!

…what happens when someone stops paying you back and they still owe you money?