Many entrepreneurs operate their business trying to stay completely out of debt because all of our lives we have been taught that debt is bad! However, did you ever think about why even Fortune 500 companies go out and get $50 million loans from banks, even when they have BILLIONS in their bank account?
Did you ever wonder why some businesses just grow much faster, hire people very fast and seem to be spending more than they are making in the beginning when they are growing?
The reason they can do all of this is simply because of the one word, “leverage!" These businesses have learned the art of using someone else's money to build their business. Of course you have to be a smart investor because you can run into trouble very fast otherwise!
But still, let's assume you invest well. Imagine you can get money from a bank or a credit card for only 5% but can earn a 15% return through selling what you create from the investment!
But, if you put your own cash into it, then you would freeze that money from working on project #2. By leveraging that money, it's like you are making a free 10% return!
So now, the trick is to get a low interest rate business credit card, because the return rate you have on your investment is directly impacted by the interest rate you pay on that debt. Not to mention, there are great business cards in the industry that come at a very low interest rate!
Getting a Business Credit Card at 0% Interest Rate?
Yes, did you know that you can actually get credit cards that will give you a period where you pay absolutely no interest rate to them?
In our business we just recently got a credit card that let's us loan up to $10,000 for 18 months without paying a penny in interest! There are now multiple offers such as this one and you can easily get involved.
However, make sure that you invest these funds very smart because you still owe that money back. And, even on a 0% interest rate credit card, that is only for a short period of time - eventually, the credit card companies will start charging you interest!
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