If only I knew this in 2007.. Its 2018 now and learnt more from MSE vidoes than reading so many things.. Great advice and very transparent and easy to understand..
But in return for 'borrowing' this created-out-of-nothing 'money' you must sign over your property, land or business, which is then owned by the bank until you have paid them back the nothing they 'loaned' you, plus interest. If you don't pay back the nothing the banks get your property, land or business.
And even while you are paying back the 'loan' this property - YOUR property - is considered an asset of the bank and they can 'lend' ten times its value to anyone else who wants a loan. In any other language it is called 'fraud'.
He talks alot about reducing debt and expenses, and being rational with it. But what about increasing income? You can only reduce debt so much, and that alone won't make you rich.
@capricious71 I suppose your comment has not been deleted yet in order for future visitors to laugh at what you've said. Here's my quick giggle - looooooool! :DDDDDD
