Brian Orlando

Cost of living has risen incredibly over the last, you know, 20 years.

And all of this stuff is like

People are trying to figure out all these extra ways to make money outside of like their day-to-day job.

And I feel for them.

It's like, you know, if I just follow this person or just get this advice from this thing online or just invest in this gold mining, whatever it is, like there's all these things, right?

That people are just like very desperate for looking for an edge or something that's going to give them, you know, wealth to retire and escape like.

Yeah, it's a bad situation to be margin called where it's like you're already down and then you're forcing yourself to sell your position at a loss and then liquidate this debt.

And I see so many Canadians that are using like debt for Smith like maneuvers to invest or buy other properties.

And, you know, sometimes it could be an OK strategy.

But again, keeping it simple usually wins.

And I see it too stretched thin where these people are already kind of just making it by not really having much of an emergency fund, just trying to generate a little bit more income.

And it's just not the situation to do it in.

Yeah.

I mean, I see it's far too frequently by a lot of people, but... You and I agree.

Really what's happening is someone's taking out debt and they're investing that debt into an income producing asset and then deducting that interest.

And so hopefully the income producing asset grows and returns over time.

And, you know, they're kind of managing this debt and interest and that's tax deductible and everything like that.

But it's really I mean, it really is an advanced maneuver.

If someone is doing already quite well, it can kind of add to their situation.

if they're doing fine financially.