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.
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.
when you already have a running business and it is true that it can produce stable results, then there will be a time when you definitely want to develop it, either by opening a branch or something else, and of course that requires more funds. borrowing from a bank is not wrong if the goal is to develop the business being run, besides that sometimes we also need to dare to take risks, but that doesn't mean there are no considerations made. of course there must be considerations made even though we have to dare to take risks.
what must be considered is money management, don't let us borrow money to develop a business and get profit to pay it off continuously like that, as much as possible we must be able to immediately pay off the loan that was made when the profit has been clearly obtained. because if left for a long time it will not get better because there is interest that will certainly increase over time, don't let it happen digging a hole to cover a hole. everyone certainly wants a comfortable life with one of them being financial freedom, so of course we have to do our best.