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telegraph posted:
In Stanley's book, the Millionaire Mind, he is talking about people with a net worth of over 10 million worth....most of these people don't need to borrow a few piddling couple hundred thousand to buy a house...

I'm sure Bill Gates didn't have to borrow money to buy his 'house'. any of the 15 million......and likely didn't......his exemptions start phasing out at a little over $130,000......and at his level, probably count for nil......or Tiger Woods.....or Madonna....

Also, the largest home mortgage the IRS will let you deduct the interest on is $1 million. Actually, I think it went up a little this year.


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