Topic: A lot wealthy people not smart they just use debt - page 2. (Read 1271 times)

I spoken with my old friend he use to live in nyc around rich people he asked their business most of them said.
That it's debt they borrow money invest real estate buy to lease and sp500 and Even in crypto since many of them use llc options as company investors they not worry about
And they say markets always goes up
So many people just using the borrowed money nothing personal for them it's just game If they win they win If they lose then might be collapse but they are use to that after each crash wall street get bail out.
So a lot people are in high debt and they keep getting to make more debt a lot people using debt to invest.
The real estate prices not coming down so easy because there is a lot buy to lease deals.
And a lot gamblers are rich not smart just rich they. Was lucky because of good credit score.
A lot of markets are run by debt a lot investors using borrowed money not their own money
You guys tell that don't borrow to invest but that's not the case a lot people borrow money and invest and they not even worry about because they know markets will always bailed out and ATH after ATH always will be.
I mean the investors who are in debt are care Free they keep borrowing the funds and that's actually bullish and that's actually bring inflation
Also you in western financial world you don't have to pay fully your debt to increase your credit limit just keep paying few months and you could get more credit and you can invest more this money and If you are lucky you could make fast return pay back the loan and getting the bigger loan and more credit you really don't have to ask when banks see you play with money a lot they give phone call with offering credit to you more.
So until this huge borrowing and debt don't stop inflation not going down any time soon.
People who invest on markets they know more they borrow more higher the prices going the banks knows it too and when we look at the debt clock the debt growing bigger and bigger.
So a lot people are just recless they borrow care free and invest because a lot of them belive that markets going up always
All of this Will put the average worker Under bad situation when cant afford pay home rent neither mortgage and neither to own...because the bankers give a lot money really u don't have to pay even full amount you did borrow just pay some of it and you will receive phone call from the bankers ,hey we have good offer for you we can increase your credit limit
So you really don't have to be smart or genius just be brave and care Free and take the loan offers pay something and get more invest more borrow more and that's how a lot people do it a lot business is on debt huge debt If you Are in USA UK Europe au or Canada and you don't use that opportunity the easy credit then you miss good opportunity because those countries banking system is built the way to give you a lot easy credit even If you not paid complete funds you can get more and they really call you to take more credit.
So we live in the credit and debt economy and some people predict crash of this i don't think so because Banks not interested of collapse or value of money or lower inflation they don't care about they can keep doing this If inflation going too High well they do little rate hikes but they never stop it because they cant stop it anymore.

Of course, they already have a thorough speculation before they try to borrow a loan from the bank. Of course, their businesses have gone well financially or the profits can be predicted and from there they can cover each other or help with the loans. That's how successful people use their money to build their new business.

I think the more capital ideas there will be, the more opportunities will become clearer, with our thoughts of wanting to move forward, that is the key to success, even though we have to take risks, with the debt we have, but what's wrong with trying and that is a very positive thing? we do it for our own progress, so the rate on investment will be higher by using borrowed money to further expand the business by considering loans as something that requires broader thinking.

I would say maybe the "successful" ones, not all of them. After all there are a lot of people who suck at what they do, and they will bankrupt and those people are not really that smart. Don't get me wrong, you could be a person who has a great successful business and still be a moron, or a person who bankrupt and still a smart person, what your business does doesn't define you if you ask me.

However, more likely than not, if you are smart and have a successful business, you will just keep that going. Wealthy people know how to use debt, because they can, they are allowed to, nobody will give me debt the way they give it to some rich person, if they did, I would have been rich by now as well but we all know they won't do that.

Rich people are now thinking about developing their business, going into debt is not because they are not smart, by taking loans they are trying to expand their own business, that way they will expand their business network so that they can easily cover their loans, because the more capital they spend on expand their business, the more profits they can achieve, so thanks to their extensive network they can easily compete with the market, they take out loans after their market is stable and they can also allocate their funds well and in an orderly manner, they must also be able to organize financial management them as best as possible so that they are not harmed by the proceeds of the loan.

Every businessman is a little more intelligent than the common people because in order to do business a lot of thinking research observation and vision needs to be done. Moreover it is never possible to make a profit in business. The issue of debt is a matter of deeper thinking research and foresight because businesses are for profit now if they can't make a profit with debt then there is no need to take debt. They take recourse to debt so that they can profit from it without spending their own capital. So do not know if they are smart but they are intelligent compared to other common people.

In today's market, the more capital one has the higher the rate of return on investment. That is why we must seize the opportunity when our own capital becomes a major obstacle to our greater productivity. So having complete knowledge about debt management and working accordingly we need to utilize our business ideas so that success comes to our doorstep.

People say the rich become richer, the poor get poorer? It's more than money mismanagement. All of the system is designed that way. Rich guys borrow money like nothing, take their time paying it back, and get richer. Why? Because they play by different rules. The rest of us are panicking over every credit card statement, trying to stay afloat

Instead than scaring people about debt, teach them how to use it. Let's teach them the affluent guys' secret techniques. Let's make debt a tool for wealth creation, not a prison. An instrument of freedom. We should promote that kind of financial education

Every businessman is a little more intelligent than the common people because in order to do business a lot of thinking research observation and vision needs to be done. Moreover it is never possible to make a profit in business. The issue of debt is a matter of deeper thinking research and foresight because businesses are for profit now if they can't make a profit with debt then there is no need to take debt. They take recourse to debt so that they can profit from it without spending their own capital. So do not know if they are smart but they are intelligent compared to other common people.

Rich people are now thinking about developing their business, going into debt is not because they are not smart, by taking loans they are trying to expand their own business, that way they will expand their business network so that they can easily cover their loans, because the more capital they spend on expand their business, the more profits they can achieve, so thanks to their extensive network they can easily compete with the market, they take out loans after their market is stable and they can also allocate their funds well and in an orderly manner, they must also be able to organize financial management them as best as possible so that they are not harmed by the proceeds of the loan.

In today's market, the more capital one has the higher the rate of return on investment. That is why we must seize the opportunity when our own capital becomes a major obstacle to our greater productivity. So having complete knowledge about debt management and working accordingly we need to utilize our business ideas so that success comes to our doorstep.

Rich people are now thinking about developing their business, going into debt is not because they are not smart, by taking loans they are trying to expand their own business, that way they will expand their business network so that they can easily cover their loans, because the more capital they spend on expand their business, the more profits they can achieve, so thanks to their extensive network they can easily compete with the market, they take out loans after their market is stable and they can also allocate their funds well and in an orderly manner, they must also be able to organize financial management them as best as possible so that they are not harmed by the proceeds of the loan.

In today's market, the more capital one has the higher the rate of return on investment. That is why we must seize the opportunity when our own capital becomes a major obstacle to our greater productivity. So having complete knowledge about debt management and working accordingly we need to utilize our business ideas so that success comes to our doorstep.

That is the experience I have seen and almost a very large percentage of young and senior entrepreneurs are involved in loans to expand their business networks or small businesses that they are developing.
But the most important thing is to have calculations and know how to deal with risks before taking out a loan, so that when you want to start you have preparations if something unexpected happens.

That is the experience I have seen and almost a very large percentage of young and senior entrepreneurs are involved in loans to expand their business networks or small businesses that they are developing.
But the most important thing is to have calculations and know how to deal with risks before taking out a loan, so that when you want to start you have preparations if something unexpected happens.

Today's business will never be able to develop if the capital we have is small because many competitors have large capital to develop their business.
Taking out a loan for something productive would be better than taking out a loan just to fulfill a lifestyle like most people do now.

Entrepreneurs who are starting to make their business bigger by having several branches as their network always move with careful consideration. So when it comes to borrowing and lending money to increase capital, he has to pay very, very close attention to it before actually doing it because it only has one important goal, namely to make the business grow more rapidly and also be more advanced before all the loans are paid off by the deadline itself.

Don't worry about any competitors because any good fortune will not be exchanged and I have actually seen an example of a company that is big now, such as iPhone, which has never felt afraid of the presence of Samsung in the midst of such a broad market attack by that manufacturer. Competitors are our motivation to develop to be better, although I also do not ignore capital because in terms of capital it does not only include money, but also important thoughts and strategies that must be built before spending more money in business.

Debt has never been a bad thing it's just used wrongly by most common folks, have you ever wondered why bank gladly borrow money to business men even if they are owing?, that's because they make money of the little percent they take as interest.

If you take loan to invest in a business then you have made a good use of a loan and if you use it for personal needs like buying food or living luxury then you just created a mess for yourself to solve later.

That is the experience I have seen and almost a very large percentage of young and senior entrepreneurs are involved in loans to expand their business networks or small businesses that they are developing.
But the most important thing is to have calculations and know how to deal with risks before taking out a loan, so that when you want to start you have preparations if something unexpected happens.

Today's business will never be able to develop if the capital we have is small because many competitors have large capital to develop their business.
Taking out a loan for something productive would be better than taking out a loan just to fulfill a lifestyle like most people do now.

People say the rich become richer, the poor get poorer? It's more than money mismanagement. All of the system is designed that way...

I agree with that and in fact there are many businessmen who have done that, whether for large or small businesses, of course they will use loan money to further enlarge their business so they can get bigger profits, that is a normal thing in business and I think they are not stupid people.
In fact, they are business actors who are afraid of the risk of taking out loans and it will be difficult to develop if they do not have large capital.

And indeed everything comes back to calculations, even though the risk is still there, but if you want to develop a business with loans, I think it's quite worth it.