Quote from: Maslate on January 18, 2022, 01:14:30 PM

Quote from: Tumanggor on January 17, 2022, 07:15:35 PM

Quote from: Voxo2222 on December 13, 2021, 04:49:49 PM

They borrow money to buy assets before bull run
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.

U never use loaned funds just to buy things for u if u dont have ur own money enough.
First rule you use loaned money to make money.
Stocks and crypto u borrow always before bull run and sell ur assets even the real estate when markets are booming u pay back the loan u wait the market drops u repeat the process.

If anyone start doing this no profit for wall street wealthy guys anymore thats how powerful is investing money what u borrowed.

Quote

In fact, most startups and large entrepreneurs, are able to become successful entrepreneurs after being in debt. Debt from banks is used for productive activities so that entrepreneurs get profits. That is called productive debt.

the fact is that not everyone is able to successfully manage their debt to be productive and profit doubled

until now I'm still learning this trick, because as you said when the crypto market is bearish then borrowing money from a bank or other to buy crypto is the best moment

May we all be able to manage debt productively

We can learn that, it's not a trick by the way. It's being smart and we can always use it in a situation where we think the market is bearish so we can buy cheap assets. It's always nice to accumulate when people panic, and borrowing money from the bank should not be a burden especially if we are playing like 20% a year because it's not only 100% increase we will see, we could see more especially during the bull run.

Having debts is always a wise idea if you have smart plans for it, but its never really that important especially if you can start a business even with a minimum capital. And i think investing in crypto will never really need a huge capital, that you have to go on financing companies and lets you pay the additional interest. You can expand your investment and create bigger profits if you are already making good returns from your initial investment. Because not all debtors are capable to generate profits.