Post
Topic
Board Economics
Re: A lot wealthy people not smart they just use debt
by
Marvell1
on 08/07/2024, 07:55:14 UTC
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.

We just need to think simply like this, if they are not smart or good, how can they become rich and maintain their wealth? It's funny how people like us who have never been rich criticize rich people for being stupid  Grin Grin Grin.

Not to mention, think about organizations that lend money to rich people like banks, are they stupid enough to lend money to rich people without finding out everything first? Anyone who can borrow a significant amount of money from the bank at least owns a significant amount of assets and to be able to own that amount of assets they will not be as stupid as we think.