On this episode of unsuitable on Rea Radio Mark Fearon, CPA, CFMA, joins Mark Van Benschoten to talk about the pros and cons of debt and whether a tax savings write-off is more valuable than the true cost of borrowing. Listen to find out why some debt can be considered healthy and how, sometimes, businesses can use new debt to achieve impactful business goals, such as leveraging assets, purchasing equipment or investing in key employees to drive efficiency and reduce operational costs. Additionally, listeners will learn about write off techniques that are available and how to use a debt strategy to help facilitate real business growth. This episode also serves as a cautionary tale, as listeners are encouraged to always borrow wisely – taking care to determine if your business could carry your debt load if an unexpected economic downturn were to take hold. What are you waiting for, start playing episode 23 of unsuitable on Rea Radio now!
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Investment Loan: This calculator helps illustrate the effect of using a loan to purchase an investment or appreciable asset. Using debt as leverage to purchase investments can magnify your return. The downside is that you also increase your risk.
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