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Lest face it, every riches person in the world will want to buy land or own vast properties everywhere.
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You consider yourself something of a financial whiz: You’ve figured out that the average annual rate of return in a mutual fund is higher than the annual interest rate on a mortgage. So, what do you do? Do you borrow money in order to invest it, thinking that you’ve outsmarted the financial system?
If you’re like some wise guys out there, that’s exactly what you do. You may even brag to your friends about how you borrowed money to put into the stock market, and how your earnings there more than make up for what you have to pay back on the loan. If you’re especially brash, you may try to convince other people to do the same. But you’re playing with fire, and sooner or later you’re likely to get burned.
If you’ve followed God, Money & Me for a while, you likely already know how we feel about…
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