Nutshell, impulsive purchases made on borrowed money will put a big dent in your income / assets, resulting into lesser net worth in the long term. Thanks for this lovely video :) Cheers :)
great and simple explanation as always. thank you very much. just a small feedback, there is an extra noise which is distracting. maybe you need to do something with the mic to quiet this noise.
Leila, you have an incredible ability to simplify and explain concepts which works in every subject! Thanks for this video which made me understand Financial Leverage so easily! And you have a nice attire here to add more charm! 😊👍
Really good video. Very didactic. I wish the average citizen was really aware or more conscious about this (not to talk about politicians). Running a business wisely takes things like what show in the video. Poor financial education standards (at least in many countries) lead people to take really bad business and personal decisions which they regret for a lifetime. I’ve seen this more often than I would have liked to. To me the solution is clear: to teach financial fundamentals at school. Education + wisdom + perseverance = success. Many thanks 🙏
I think world travel was one of my most inspirational moments in my life and pushed me further along to my path to success. I'd say the vast majority of the time you shouldn't go into debt for time off, yet i grew leaps and bounds by doing it. I've told young people if they want to take on debt that it can be worth it for the experience that you will cherish and look back on your whole life. And it's something to work towards once you experience it.
Great video 🙂 love to learn about finances and business from women, it's such a breath of fresh air and finally there are more role models to identify with for women like e.g. me. Feels less imposter then. Thank you Leila 👍🏼
Leila, what online business would you recommend as a viable source of income? Shopify, Amazon? Both incur so many fees that some people say they are working for $2.00 (USD)/hour, which may not be terrible if it's a self-automated business. Wondering if you have a video on it? We would trust your advice.
extraordinary. each tutorial is very useful and can make my job easier. the point is the knowledge given to this channel is extraordinary. thanks for the tutorial. when do you think I can be like this, please support my friends. you are very extraordinary.
Hello Leila, Excellent video! You make finances sooooo easy to grasp and understand. This motivates people to act, which in turn gives people the tools needed to improve their lives, their families lives and others. What a God send! Please keep up the spiritual work! Bill
Hi Leila thank you for the detailed explanation. Really helped me to get my head around the leveraging concept. In your opinion what would be a good Equity/Debt Ratio ? how would you rate a company who has a equity/asset of 1.0 vs 0.75 vs 3.0? your insights are greatly appreciated :)
I am in love with you Leila... Your elegance and eloquence is magical. 💥💥🌟 😀I have never understood any topic cos I get carried away all the time while staring at you.
To each their own, but I sleep like a baby at night not worrying about debt or making payments. It's all great in a good economy, but good economies don't last forever. Look at everyone struggling with student loans. I believe much of what Dave Ramsey says.
For most personal items I agree. I only buy when I can afford it. But if you're buying a home or run a business that requires assets, taking on loans is often the only way.
😁 I get his point too especially considering the bad experience he had with bank loans. But I don't agree that ANY debt is necessarily bad. Financing everything with cash or equity is just not feasible in every situation.
@@LeilaGharani I agree and you made a good point when you said that financing the car could be good debt because it makes you money. It's definitely true but same time It is a expensive depreciating asset so I kind of understand Dave's point when he says to buy them in cash. But to add to stay positives point Dave Ramseys advice is solid and is foolproof but if you're smart you have some control then you could do just fine without him
First of all, debt is money and money is debt. Just look at at a $1 bill. All debts public and private. Thus, debt is neither. It is the oil that keeps the economy turning. I'm not disagreeing with her....I just don't agree with standard cooperate/economic corporatacrcy of speech. If this were all true why aren't there !more millionaires?
Your example of good debt is incredibly dangerous. No financial institutional will allow you to borrow funds on an unsecured basis to fund speculative investments such as stocks as demonstrated in your example. You will be in breach of the terms and conditions and committing fraud.
Of course it was simplified but the point was to show when debt can generate income. You can buy real estate with a loan and earn rental income. Or you can put a smaller down payment on your home and invest the excess cash. What's important to understand are the fundamentals and the risks and benefits that come with taking on debt.
I am sorry, this is an awful video. Please stay with Excel. You are leaving out risk. There is very little arbitrage in the world. Taking out a loan for a car is never a good idea. Cars go down in value. The most important is left out of this discussion is the budget. For businesses and individuals: buy used, save, buy better, save, buy new.
She definitely discusses risk and qualifies her statements with the caveat that much of this is simplified. I think this video is excellent, particularly for people that do not understand the nuances of debt. Why you so mad?
I agree all debt is bad. It's unwise to use other people's money because they have a say in how that debt is paid back. Which is a HUGE risk. In a study on Millionaires, none of them said having debt increased ther wealth: www.chrishogan360.com/investing/how-to-become-an-everyday-millionaire You do you, my thought given the facts on debt in the link above is all debt is bad.
Hmm, I did mention that any debt means risk. And yes, cars go down in value. But if the alternative for me is not getting to work to make money I would consider it. As long as it makes economical sense. I definitely agree on buying used though.
@@LeilaGharani A 3rd alternative is to buy a cheaper car for cash. I know a lot of people that lease a $50k car because they want a “safe” car and can’t figure out why they have no savings.
"working with other people's money, improved your ROE" Been struggling to understand Financial Leverage for weeks and this video did it in minutes.. Thanks a million, will definitely look at your other videos.
But what about credit score? If I start using credit cards and I pay bills on time. It's gonna build my credit score and will help me in future getting loans for businesses. P. S - I'm in my 20s now
You need to mix your audio better. I struggled with getting through the first 35 seconds due to distracting noises from the saliva in your mouth to the sounds made by your clothes.
This is why more folks now put smaller down payments on home, and invest the rest in stocks, making ~7% annually there vs. the 3% interest cost on home loan.
Holy smokaroos! Am I seeing Leila hit a finance topic. Indeed! I have made some comments on vids and use a lot of the things you talk on all the MS products. I do Mainframe coding but utilize a lot of tools. I have been investing in etfs, mutual funds, and stocks like crazy the past several months. Leila, you need to double your $ in 3 years. I know you can. ; ) Ive been investing good. I could do better.
