Old Father Time at Work
About 35 years ago, a friend who was also a client, asked my advice about how to structure his borrowing and investing following his recent purchase of a house. Working on the principle that although DEBT is a four-letter word, it is not one of those four-letter words, I recommended a substantial borrowing for life, coupled with a matching substantial investment, also for life. Those people who grab the Financial Review and read it from front to back page daily, will hate th