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I periodically read various blogs out there to see what’s on people’s minds.  I like reading comments and questions people post on a blog.  Lately, I’ve been reading a great deal of how debt (all kinds) is bad.

I’ve read articles on how credit card debt is bad….
I’ve read articles on how student loan debt is bad…..
I’ve read articles on how mortgage loan debt is bad….
I’ve read articles on how debt is a bad…bad…thing…

I generally refrain from advising people with “xyz solution” because there are simply too many variables to consider (age, marital status, health, financial goals & objectives, children, housing preferences, educational skills/level, etc) to offer any kind of specific advice but I will offer this piece of advice to everyone:

CHEAP MONEY IS A GOLDMINE OPPORTUNITY!

I wont’ give you specific advice and I’m not telling you to go get a mortgage, student loan and credit cards but I will tell you how I’ve taken advantage of cheap money.

I’ve written about credit card arbitrage earning me $1200 over an 8 month period.
I’ve written about using a 3.25% Interest Only ARM to pocket $14k over a 3 year period.
I’ve advised my wife to borrow as much student loans as possible her last year of school because the rates were so low (3%) and the interest can be written off on fed taxes!!

In all instances above, debt was never a “bad” thing.  I could even argue that all this “bad debt” helped improve my FICO score because it showed responsible repayment of all borrowed money.  Higher FICO score mean lower rates (see 3.25% loan rate above).

In my opinion, one of the key ingredients to building a wealthy portfolio is obtaining, using and leveraging (preferably someone else’s) cheap money.