A lot wealthy people not smart they just use debt

[C10H15N]

Leveraging (borrowing) to purchase income producing / appreciable assets, where the income from the assets more than covers the cost of borrowing (interest) is one thing.
Utilizing debt to cover income shortfalls or support lifestyle inflation is something entirely different.

Knowing the difference and making it work to your advantage is indeed smart. 

[MissNonFall9]

Loans have now become a simple matter.  The more developed the country is, the more people are in debt because the percentage of credit card use is high in developed countries and credit card is a type of debt. yes I agree that all smart people use credit cards and using credit cards means borrowing. There are some countries where a person can purchase and enjoy luxury items based on credit card points score. If someone has a low credit card points score they will not be eligible to purchase them.  In those countries, the government is pushing people into debt.  So the smarter you are, the higher your loan amount will be

In fact as people become more modern they feel comfortable using other people's money even if they do not have money in their own pockets. And the banking system wants to use this opportunity to save their own interests. The snake does not die and the stick does not break. And that is the smartness that can exploit all opportunities. But is it really so?

It is not unusual anymore that there is a situation where is all -round technology, the use of credit cards is very advanced and massively used. They are right, as you say it's better to use other parties' money than your own. But if they are wise, then they will pay in full all the loans that have been made so as not to be exposed to interest, but those who are not wise to use them will actually be increasingly wrapped in the debt that continues to grow.
If smart and intelligent, he will use the facility for purposes that are indeed useful and not actually destroy his life.

Exactly so, we must always consider our needs. It is not right for us to do anything in excess of necessity because everything in excess of necessity is a threat to our existence. And we must work smart so that our work progress very quickly. But we all know that loans are not good but in business sometimes businessmen have to resort to loans. But it is also wise to pay off the loan as soon as possible.

[slapper]

I don't know for you but from my little knowledge about dept. Dept is a risky thing, because when you are a deptor you won't have a mind rest, always your mind will be at trouble because if you can't pay back the dept you owed, more interest will be added to it and that's how it continues to increase if you don't pay back on time. Why I won't agree with you when you said that the rich are not smart but uses dept, is because many of those rich people you see are the ones who can plans and work smart to pay their depth on time or pay the dept late, but at the end they can be able to pay no matter the interest. I think you should respect anyone who didn't come to this world with a silver spoon because it's not easy to upgrade from poor to rich. A rich depor will rather not pay his loan until he achieve that thing he wants with the money he borrowed, and when he has achieved what he wants before he can start paying up his depths and the interest. The reason why the poor deptor haven't achieved what they want with the money they borrowed is because they are afraid that the Interest increase if they don't pay up on time. And because of that they will keep what they want to achieve aside and focus on paying their dept and still end up not paying on time because they didn't achieve what they want.

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

[tottong]

In business, debt is only normal because they want to increase capital to expand their business network. What becomes confusing is when some people go into debt just for consumption and that should be avoided because it will disrupt household finances if income is not balanced.

Business people have made detailed calculations before applying for credit or taking on debt, they will not be in a hurry because it will have a negative impact on their business. So they are really smart people who are able to manage their business patterns well.

There is no problem taking a loan to improve the business we run because if we don't dare to take risks it will be difficult for us to develop.
Taking out a loan for consumption needs or just for lifestyle is a mistake that must be avoided and most people misunderstand the meaning of a loan.
Most entrepreneurs definitely have loans and most of them develop their business using money borrowed from other parties. If there is no calculation and we are too hasty in taking out a loan, we will be faced with problems.

Loans are productive, there is no problem as long as we understand the business we are running and the use of borrowed money will be much more targeted.

[Xcode7]

There is no problem taking a loan to improve the business we run because if we don't dare to take risks it will be difficult for us to develop.
Taking out a loan for consumption needs or just for lifestyle is a mistake that must be avoided and most people misunderstand the meaning of a loan.
Most entrepreneurs definitely have loans and most of them develop their business using money borrowed from other parties. If there is no calculation and we are too hasty in taking out a loan, we will be faced with problems.

Loans are productive, there is no problem as long as we understand the business we are running and the use of borrowed money will be much more targeted.

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.

[Teratai93]

There is no problem taking a loan to improve the business we run because if we don't dare to take risks it will be difficult for us to develop.
Taking out a loan for consumption needs or just for lifestyle is a mistake that must be avoided and most people misunderstand the meaning of a loan.
Most entrepreneurs definitely have loans and most of them develop their business using money borrowed from other parties. If there is no calculation and we are too hasty in taking out a loan, we will be faced with problems.

Loans are productive, there is no problem as long as we understand the business we are running and the use of borrowed money will be much more targeted.

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.

It cannot be denied that in business debt is unavoidable, I think it is not a trap but rather an encouragement that makes the business grow. So in my opinion it is completely irrelevant if the person who owes the business is a fool.

If reviewed in more detail, debt in business can be used as a source of financing for business growth. By borrowing from suppliers, companies can expand their operations, increase production, or take advantage of larger business opportunities.

[tottong]

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.

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.

[C10H15N]

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

The first part is true.  The rich get richer because they know how to manage money and make good financial decisions.  The poor get poorer because they don't know how to manage money and make poor financial decisions.

The system is designed to produce workers and consumers, not entrepreneurs and investors.  Mindset, knowledge, and behavior determine financial success, not "luck" or "the system".  Financial success involves rejecting the propaganda pushed by mainstream and social media that traps most people info making financial decisions that keep them poor and make others wealthy. 

When I read "I want to become rich so I can buy expensive stuff and flex", I see someone locked into the consumer mindset who will probably never become rich and will waste their life blaming their misfortune on others and "the system".  🙄

[Fara Chan]

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.

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.

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.

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.

[AYOBA]

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.

Those that are plan themselves to start a business but that didn't have their own personal capital to start till they take a loan for the bank or from someone, I don't blame them Shal because every success person start with a decision to try, there some people's that is through another person money's they can generate their own personal money; so that's how about some will take a loan just to start a business and they will be survive but some can take loan and at the of the it will becoming big problem for them.

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's what is created problem for some people's they will be on their own and they go and take a loan and instead of them to use established another success of income, so that even thought the time has come that they can repay the loan suffer alot they can only be taken a little amount of from what they established with the money and been paying a loan gradually.

[tottong]

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.

Loans can be productive or not, depending on how we use them and when someone decides to take out a loan, they should understand the resulting risk.
Now without capital support it is almost impossible to develop a business because if the capital we have is small the business will never be able to develop rapidly.

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.

In business we need to worry about competitors because if we don't have the option to make the business grow further then we will experience bankruptcy.
Now there is a lot of competition in the business world and they have a lot of capital to develop and if we are not able to keep up then the business we run will not develop.
Business comparisons cannot be seen from the level of large companies as you said because they do have large capital. This speaks to business people who do not have large capital and they must try to compete with other businesses that have already developed.

Without sufficient capital, promotional strategies and the level of utilization of the products we sell, it is difficult to develop in this day and age.
There are many competitors who have everything when it comes to building a business and we will be left behind if we don't have these three supports as I said.

[MissNonFall9]

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.

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.

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.

[Wonder Work]

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.

When applying for a loan, it's crucial to remember that the bank needs to see a clear and viable repayment system. This is a key factor in their decision to grant a loan.
The bank will only agree to give you a loan if you can show me a system that allows me to repay it. Currently, banks offer loans depending on the system you show.
But if a person wants to start a business, it can be started with a small capital. Starting a business with a small capital can gradually take it to a larger scale.

They are interested in giving you a ring because they give you a ring, and they can earn a percentage from it. If you follow the correct process, you will get the loan.

[Mr.sprin]

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.

[Marvell1]

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  .

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.

[Qiubell5]

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.

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.

[MissNonFall9]

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.

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.

[uswa56]

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.

To be successful in a business of course someone must have intelligence in order to make the right decisions for the business they run because without sufficient intelligence of course they will find it difficult to make the right decisions and can benefit the business they run and in terms of doing loans to develop a business, they have of course seen the development of the business so they have the courage to take a loan and develop the business they are running and if they feel that they do not have the readiness to develop the business they will of course choose not to take the loan if they don't need.

[TastyChillySauce00]

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

Debt is tricky though, even though it can be used for tool to create wealth, but if we fail then we gonna be deep into debt and we'd lose freedom altogether because you know being entangled in debt is hell.
I don't know how robert kiyosaki and the like could steadily create wealth through debt but for the average joe it's not something like toy, debt is serious matter that could put one's life into a mess.
the one thing that I think some successful rich people like robert kiyosaki forget to tell people is that rich people have wide networking, insight into business idea, and proper money management. they just have the better means of making them successful in their attempt of wealth creation.

knowing that business failure rate is high, recklessly using debt to expand will not be best idea. but then again, no pain no gain.

[Republikcoin.com]

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.

Large capital can indeed make it possible to bring in more profits as long as the management can be precise and accurate enough regarding the things needed so that placing debt in areas that are really running and are able to generate money through sales turnover in the market will be more likely to be used. This means that every idea that can provide more income must always be used consistently with the money that already exists, including the money from the debt because if the management goes wrong, let alone our own money, perhaps the money we took from the debt will also be burned into the business.