Financial Planning & Investment Tips : Long-Term Finance Tips

Transcript

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This is Patrick Munro talking about the benefits of long term financing. America is a capitalistic
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society based on acquiring goods and services. Well it’s the American dream. Many of these
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goods and services cost a lot of money and so it’s important for an individual to have
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good credit so that they can go to financial institutions that exist to serve the consumer
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and acquire these goods and services through terms of repayment. Their terms of repayment
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vary from short to medium to long term. But in this case we’re talking about long term
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financing and you want to reserve that for instruments and assets that are worthy of
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long term appreciation. And most notably that is real estate. Not a car, not a stereo, none
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of those things. Those are consumer goods. Real estate is really the only long term asset
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that is worthy of a commitment of long term financing. So it’s important to the individual
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to be aware of that benchmark and it’s certainly well worth the effort to go long term on an
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asset such as real estate. This is Patrick Munro talking about the benefits of long term
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financing.