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How To Get Crypto Loans? | Understanding Good Debt and Digital Assets | "Master Investor" #wealth
How To Get Crypto Loans? | Understanding Good Debt and Digital Assets | "Master Investor" #wealth #biz #livestreaming #business #live #masterinvestor
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Summary:
Distinctions between typical bank loans and crypto loans.
Recognizing the dangers associated with crypto loans.
Where to get loans for crypto.
Were we aware that cryptocurrencies can be used to obtain loans? The way these loans operate differs from how standard loans operate. Our annual or monthly income is not taken into account, a flawless credit score is not required, and there is no drawn-out approval process. There's almost no middleman between us and our cryptocurrency loan, but there is a catch.
Everything we need to know about crypto loans—including how to utilize them, where to get them, and the hazards involved—will be covered in this article.
What are the 5 Asset Classes of Today?
Business
Real Estate
Crypto
Paper Assets
Commodities
In order to protect our wealth from down economies and hedge form inflation is by diversifying among the asset classes that exist today. Therefore, we must acquire financial educate on each asset class as we grow our passive income and capital gains income. They are different from one another and often have different regulations to become aware about in order to succeed in them.
The idea and goal is to have passive income and capital gains income being deposited into our bank accounts from an our investments we made. We must have speed and leverage when it comes to reaching financial freedom and true wealth. Today is easier than before due to technology and AI. We have to use them as tools to deliver our business missions across the globe.
Remember to use the Cash Flow Tetrahedron to build our wealth. Meaning our businesses revenue and surplus buys us other cash flowing assets in different asset classes. Take a look at the diagram of the Cash Flow Tetrahedron and ensure we follow this formula when we want to tap into infinite return on investment and the velocity of cash flow.
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As we say here, “Money is just an idea backed up by confidence.” An asset puts money in your pocket. A liability takes money out of your pocket.
The simple definition of a fake asset is one that promises to make us richer but in actuality robs us blind. We need three things:
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