The other day, I wrote an article about chief economists who advised people to rent their properties instead of buying them.

Well, I gave it some more thought. Since they themselves are tenants and renting experts, somebody should teach them how to “rent” money.

If you think about it, using the bank’s money is perhaps the same as renting it to buy a house and then getting “clever” tenants to rent the house from you. In other words, it’s getting “clever” economists and their equally “clever” clients to pay the loans back to the banks on our behalf.

For these “clever” tenants, a mortgage is the wrong kind of debt. They obviously then consider a rental agreement on a house as a better kind of debt.

For me, there are two kinds of debt: the right kind and the wrong kind.

THE RIGHT KIND OF DEBT

This is when you borrow money to buy something that continually grows in value, like a house.

THE WRONG KIND OF DEBT

This is when you borrow money to buy something that constantly loses value, such as a car.

BACK TO THE “CLEVER” ECONOMISTS/TENANTS/FINANCIAL SERVICE PROVIDERS

Come to think of it … don’t teach them the Wealth Mastery System!

Instead, let them stay tenants and create more tenants for us with the stupid authorised estate planning (‘boedelbeplanning’) advice they give their clients.

Regards,
Coert

P.S. The Wealth Mastery System of the WEALTH MASTERS CLUB is administered by the DESTINATA GROUP OF COMPANIES, which are FSCA-authorised Financial Service Providers (FSP Numbers 48729 and 50349) They don’t sell Estate Planning! 😎