I had a conversation with a colleague of mine a few weeks ago, we're talking about the difference between debt and leverage. Debt and leverage are related financial terms often used to analyze the state of a business, particularly for investing purposes.Aren’t leverage and debt the same thing?One thing is certain, millionaires and great minds utilise debt as leverage to make more money and buy more things, which makes them even more money. It’s an avalanche of wealth-building versus an avalanche of financial destruction!Today, I’m gonna be diving into this subject that I think is actually very fascinating. Stay tuned, and see you on the inside! 
Episode highlights:01:26 Debt vs. Leverage in a nutshell 05:01 The power of leverage07:21 The rule of thumb about interest and inflation08:00 The seesaw metaphor of leverage09:41 How to maximise access to capital in creating more income?11:45 Understanding the importance of utilising debt to create leverage14:06 Dig your way out of debt using leverage14:57 Use your debt as an opportunity to produce incomeIf you enjoyed this episode, be sure to subscribe, tune in and share this podcast.Resources:○ The Boring Money ROI Cash Flow Calculator: https://www.mrboringmoney.com/cashflowcalculator   ○ Visit The Boring Money Show website: www.mrboringmoney.com   Subscribe:  ○ Subscribe on YouTube: https://www.youtube.com/channel/UCFLP5xWwzkX11g7xFDpUFLg  Connect with Mr. Boring Money:○ Follow us on Facebook: https://www.facebook.com/mrboringmoney   ○ Follow us on Instagram: https://www.instagram.com/mrboringmoney/   ○ Follow us on TikTok: https://www.tiktok.com/@mr_boring_money  ○ Send your enquiries or drop by to say hello: iggy@mrboringmoney.com   ○ Join The Boring Money Show community on U-Lync: https://www.u-lync.com/members/9885368  And remember… Stay calm, print money and live life on your terms.DISCLAIMER:All information I share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.See omnystudio.com/listener for privacy information.