Leverage is a funny thing. For some people, it is nothing more than debt, which they consider to be a plague that is as bad as the Black Death. For other people, it is a golden opportunity for them to do something in a matter of months which might otherwise take years and years to accomplish. While there is no predictability about the whole deal, there is always the chance that a person can save an awful lot of time through the use of leverage. Of course, there is also the constant risk that something could go wrong, and that you might end up owing without having any additional wealth to show for the whole deal. The difference between those who are hungry to build wealth and those who will cower in the security of poverty is often whether they are willing to embrace what they are individually capable of doing.
Often times, a poor person could be just as capable of doing things which are wealthy minded as a middle class person is. They might have access to credit opportunities, and if nothing else they can fill out the same kinds of paper work and give the whole deal a shot. But they shrink back from this opportunity because they are afraid. But what could they be afraid of, if they have very little to lose?
If you want to become wealthier, sometimes you have just got to take a chance on something. And while taking on leverage may end up putting a debt on your personal balance sheet, you can pay it off over time. Nothing is ever going to be perfect. So you might as well abandon the notion that you can sit in perfect safety, regardless of what you might end up doing with your life. Or else you might be so safe, you won’t do anything at all in life.