Most people live off debt.
We borrow to buy cars, put whitegoods on lease, live off our credit cards, and then use a large proportion of our salary to cover the repayments. For others who want to get ahead, that certainly isn't the way forward. Yes, we can continue to borrow, but instead of using the funds to pay off a rapidly depreciating car, we can use it to invest in property, shares and managed funds that are expected to go up in value over the longer term. In other words, take advantage of a popular investing strategy called gearing. Gearing, if successful, provides an excellent springboard into accumulating wealth.