Safe use of debt

Steve McKnight,

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Debt can be useful to build assets, grow a business or as an investment strategy. But be careful how you use it, warns Steve McKnight.

People get it wrong when they don’t know what they are doing, says the property guru. Steve insists you should name, number and numb the risk in order to manage it and to avoid getting yourself caught in a debt trap. Safe debt allows you to achieve a higher return than the cost of borrowing.