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Below are the top signsDave Ramseys money advicemay not be right for you.
When used responsibly, he explained that mortgage debt can multiply returns and accelerate wealth creation through real estate.
My own journey illustrates this perfectly.
When he started his real estate career, Wright followed Ramseys advice to avoid all debt.
He said this severely limited his ability to grow his portfolio.
I could only purchase properties with cash, which meant waiting years between acquisitions, the CEO noted.
Once he learned to use mortgages strategically, Wright acquired properties and significantly increased his investments.
The key, he explained, is using them responsibly rather than avoiding them entirely.
Wright noted that real estate investors often needmuch larger reservesto handle multiple property repairs or vacancies simultaneously.
Many people have found success with financial strategies that differ from Ramseys teachings, he continued.
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