A lot wealthy people not smart they just use debt

[Gaza13]

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.

[Jody.Drummer]

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.

I don't think they are paying, but rather not optimal in carrying out the things they do and producing less than good results. In the world of course there are differences, it's impossible for everything to be the same, including those who are smart, of course that doesn't guarantee they will be successful and for those who lack understanding or are stupid, they can be successful, don't think that it's destiny because success can be achieved by those of us who do it well. , apart from that, success is not limited only to rich people, of course those from the lower middle class also have the opportunity to be successful as long as they are willing to fight and try.

When they are successful, of course they will be able to manage everything well, even if they can't, they must be able to manage it well because that is a must to keep the business running smoothly. Business success can be achieved by anyone, whether poor or rich, but it will be easier for the rich because they have a larger budget. with those who are poor or have lower middle class finances, they will find it difficult to develop.

[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.

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.

The real thing is the economic expansion the more business ideas and avenues he has. And money makes people's ideas fruitful. So if there is a good means of using our money and if we have the resort to debt to make it a reality then it has to be done for the sake of big business ideas. And it must be remembered that all the skills of debt management will be successful only if they are applied properly.

[junder]

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.

[Fortify]

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.

For someone who loves to write such a wall of trash in a completely unreadable format, you certainly get the most basic thing wrong in your thread title. You seem to be looking at this from the point of view of somebody who has no money and gets offered an 8% loan where they have no leverage or ability to negotiate. However the richest with the best financial advisors are using their existing status to generate often risk free returns and doing things like arbitrage to get even richer. That is very smart and because they often have so many assets to secure their loans against, they get the best borrowing rates - far lower than most and get to buy assets that give them higher returns. There is some risk involved but it can be managed.

[Smartvirus]

The real thing is the economic expansion the more business ideas and avenues he has. And money makes people's ideas fruitful. So if there is a good means of using our money and if we have the resort to debt to make it a reality then it has to be done for the sake of big business ideas. And it must be remembered that all the skills of debt management will be successful only if they are applied properly.

Having to talk about debts, I’ve had to see a couple of real estate investors manage this successfully. Having to determine just that spot that is in line for development and they take debt to develop the place into an estate, through properly planning, ensuring that the site holds everything that will suits the needs of residents and you would find people buying properties and a gradual recovery and payment of debt in the process. The key aspect to this method to investing is the sitting and proper advertising.

[MissNonFall9]

The real thing is the economic expansion the more business ideas and avenues he has. And money makes people's ideas fruitful. So if there is a good means of using our money and if we have the resort to debt to make it a reality then it has to be done for the sake of big business ideas. And it must be remembered that all the skills of debt management will be successful only if they are applied properly.

Having to talk about debts, I’ve had to see a couple of real estate investors manage this successfully. Having to determine just that spot that is in line for development and they take debt to develop the place into an estate, through properly planning, ensuring that the site holds everything that will suits the needs of residents and you would find people buying properties and a gradual recovery and payment of debt in the process. The key aspect to this method to investing is the sitting and proper advertising.

The most important thing for success in any subject or field is proper planning and extensive publicity. And since the subject of loans is coming up it is definitely a very valuable thing to find the right area of ​​loan investment to follow to turn the plan into reality. We must live a consistent life and use a consistent field to make our running life easy and successful in business.

[Chilwell]

Wealthy people love debt. Unlike the poor people who just want to get out of debt as fast as possible, the wealthy are looking for more ways to increase their debt. In school I was taught that there are two types of debt the good debt and the bad debts.

Wealthy people borrow to make themselves richer while poor people borrow to take care of somethings that where they are different, the mind of wealthy people are more wide than poor people in times of think and also creativities, but all is with the help of money.

Wealthy people are in the good type debt. Good debt is money borrowed to invest in a business like real estate , restaurants, or property whose value will bring in more money than the debt. However bad debt is there borrowed to buy liabilities. This is where the wealthy are smart. Their debts are the good kind of debt that increases their wealth despite being in debts.

Only few percentages of rich people are debt free but almost all are debtor but it's a good debt, been a debtor is all about risk and not everyone have the mind of taken risk, even wealthy people because they have risk limits not all can take the same risk, and all this depends on their capacity of the wealth.

[Wakate]

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.

Many businesses are built on loan so I don't see anything wrong with taking a loan and using the money to get ourselves a better businesses that would be yielding profits for us. Many of the billionaires we are seeing today are on a steady loan to grow their businesses and because they do not have a start up capital to expand their businesses or jumping into another kind of investment, they would always need to get money from the bank to startup the business they want to invest in. There are so many small businesses we can invest in and make some profits for ourselves just like investing in Bitcoin and other cryptocurrency.

[Yeesha]

Some wealthy people are smart but some are not smart, because when some of them borrow money and invest it in a business after making a lot of profit for them to pay back their debt, they will not rather they will keep carrying loans again and again, because they are afraid that if they pay the debt their profit will deduct.

and what will happen when the people decided to collect their money with force, the business will eventually collapse.

[slapper]

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.

Many businesses are built on loan so I don't see anything wrong with taking a loan and using the money to get ourselves a better businesses that would be yielding profits for us. Many of the billionaires we are seeing today are on a steady loan to grow their businesses and because they do not have a start up capital to expand their businesses or jumping into another kind of investment, they would always need to get money from the bank to startup the business they want to invest in. There are so many small businesses we can invest in and make some profits for ourselves just like investing in Bitcoin and other cryptocurrency.

Definitely tools, like a hammer or a saw. Let's not believe fairy tales that debt suddenly leads to success, though. Borrowing by billionaires? That is risky, and it's not just the money that makes you do it. Putting money into crypto or small businesses? Basically, it's gambling. You can bet on either the banks or the market, because the odds are in their favor. Are we really on our own, or are we just parts of a bigger economy that makes money off of our hopes and fears? We can't move because of loans, not just financially but also mentally. Businesses can grow with their help, but at what cost? The worry and constant market watching make it feel like a psychological war zone

[bestcoins1]

Some wealthy people are smart but some are not smart, because when some of them borrow money and invest it in a business after making a lot of profit for them to pay back their debt, they will not rather they will keep carrying loans again and again, because they are afraid that if they pay the debt their profit will deduct.

and what will happen when the people decided to collect their money with force, the business will eventually collapse.

You also have to think that in such a case there will be no one who deliberately collects money or debts by force from the debtor if the borrower always pays on time and does not violate the rules of the initial agreement. Because people who collect by force are the result of late payment of their debts so that the more subtle method will not be used by the debt collector because he might think that the borrower will deceive him by deliberately not paying on time.

And for the matter of smart people, it actually really depends on the way of thinking of each person (regardless of whether the person is rich or poor), because smart people will not go into debt twice for the same thing if they already have business capital from loans that they have paid off previously. In addition, rich people who are not smart will be easier to fool by poor people who are smart so they should be able to realize that they have to be smarter when they are rich because it will be very dangerous for themselves if they are still stupid in a condition that is already rich.

[hyudien]

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.

Many businesses are built on loan so I don't see anything wrong with taking a loan and using the money to get ourselves a better businesses that would be yielding profits for us. Many of the billionaires we are seeing today are on a steady loan to grow their businesses and because they do not have a start up capital to expand their businesses or jumping into another kind of investment, they would always need to get money from the bank to startup the business they want to invest in. There are so many small businesses we can invest in and make some profits for ourselves just like investing in Bitcoin and other cryptocurrency.

For people who are struggling in the business world, taking loans is something common. They are also not careless in taking loans, they will consider it very carefully so that the loans they take will not be in vain or even become a problem in the future. The bigger a person's business or business, the bigger the loan they will receive. They must also know very well what risks they take before they take loans and they accept them. In my country, we can see the amount of wealth owned by officials, and some of their wealth is in the form of debt. It's okay to take loans, as long as we have a clear reason. Don't let us take loans without any reason, especially if we use them for consumption and partying, I will oppose it. Because we have to be responsible for what we do, don't let it create a new problem.

[Dewi Aries]

You also have to think that in such a case there will be no one who deliberately collects money or debts by force from the debtor if the borrower always pays on time and does not violate the rules of the initial agreement. Because people who collect by force are the result of late payment of their debts so that the more subtle method will not be used by the debt collector because he might think that the borrower will deceive him by deliberately not paying on time.

And for the matter of smart people, it actually really depends on the way of thinking of each person (regardless of whether the person is rich or poor), because smart people will not go into debt twice for the same thing if they already have business capital from loans that they have paid off previously. In addition, rich people who are not smart will be easier to fool by poor people who are smart so they should be able to realize that they have to be smarter when they are rich because it will be very dangerous for themselves if they are still stupid in a condition that is already rich.

Actually, it is not wrong when the borrower takes rude action because they must be furious with those who are always late or even postpone the payment time that should be. In addition, even though the borrower has financial problems with the excuse of not being able to pay because their finances are not yet stable, it does not have a big effect, because everyone has a different character so it is impossible for everyone to accept this reason. Also, if they borrow from an official party such as a bank, I think there will be no tolerance that really gives opportunities, maybe only giving time in a matter of days.

You are right, if those who are already rich but still stupid, then they could possibly lose their wealth for nothing. Lucky for those who are rich and smart because they can secure their finances by not borrowing money, but I think even though they are rich, they must have borrowed money in their lives and may even still be involved in loans.

[MissNonFall9]

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.

We will see that almost everyone who is involved in business in the world is engaged in more or less debt because the most important thing for business growth is capital. So those who want to achieve the desired success in their life but are not able to provide sufficient capital for that success with their own money must involve themselves in loans. However there is definitely a need for adequate research and analysis. Otherwise there will never be a touch of success. But you are right that no one should get involved in debt unless necessary. But their business will be a single business or retail business in that case it will not be possible for them to do large business.

[Samlucky O]

Op I must say you post is too long but I will reply according to your topic. I would say the rich love Dept and you can't conclude that they are not smart because you have no proof. As a matter of fact rich people make more money from dept and become more richer. For example a rich man may take a loan of $1m from bank with the interest of $100k, After making $1.5m he may return $1.1m to bank and will be left with profit of $400k without no stress and he may chose to use his profit to work for himself and make more money. If I may ask from my analysis is that not smartness?

[Farma]

We will see that almost everyone who is involved in business in the world is engaged in more or less debt because the most important thing for business growth is capital. So those who want to achieve the desired success in their life but are not able to provide sufficient capital for that success with their own money must involve themselves in loans. However there is definitely a need for adequate research and analysis. Otherwise there will never be a touch of success. But you are right that no one should get involved in debt unless necessary. But their business will be a single business or retail business in that case it will not be possible for them to do large business.

Taking a loan to develop a business, of course, it will be very good, but they must first prepare themselves so that the loan they take can be used appropriately and can also pay off their debts because without having good preparation, of course they will have problems when deciding to take a loan and for some people who do not want to take a loan to develop their business, of course, the business they have It is not feasible for them to develop, so it would be better for them not to take loans because they are not yet able to face competition and if they want to develop their business, of course they have to work even harder so that they can develop as time goes by.

[bestcoins1]

Actually, it is not wrong when the borrower takes rude action because they must be furious with those who are always late or even postpone the payment time that should be. In addition, even though the borrower has financial problems with the excuse of not being able to pay because their finances are not yet stable, it does not have a big effect, because everyone has a different character so it is impossible for everyone to accept this reason. Also, if they borrow from an official party such as a bank, I think there will be no tolerance that really gives opportunities, maybe only giving time in a matter of days.

If someone borrows from an official party such as a bank, of course the bank will not charge it with anger even though they may also be furious because they have experienced delays in payment for whatever reason. However, the bank will usually be more inclined to seize the collateralized assets before borrowing so that the borrower will experience the loss of their collateral assets and the bank will auction the assets in order to be able to pay off their own money.

In addition, it is true that parties such as banks or other official companies will not provide a longer time for the repayment. Because they will only carry out the rules as previously promised and there will be no longer opportunities for people who have payment problems because the consequences are like that when someone is late in paying it.

[Troytech]

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.

Smart people take loans to start multiple businesses. Even in real estate, people take loans and build houses while doing so they have a period when they are expected to pay back the loans and they will. I dont see it as anything wrong to take loan though as long as there is a business or contract that is ongoing and when the money is realized from it then the debtor would immediately pay back the loan.

[N.O]

That is the behavior of a certain group does not represent the whole of what is going on in the financial system, so the further question is where are the people who are debt-free and still rich?

But in this situation, I feel that the behavior of reinvesting in debt and still succeeding is like the way a balloon is filled. Things will explode until they can't balance their operations, but nonetheless, everything they reflect gives some perspective on the potential for major risks that haven't happened yet.

Maybe if you could do a survey, you will find those rich people that are still free of debts. With that said, their numbers can only be small because I also notice that many rich people do always have a debt. Sometimes poor people are better than them in terms of it because poor people are already poor and don't want to increase their headaches anymore by having a debt.

The only good thing about rich people who have a debt is they have businesses, investments and others... This is where they use the money that they borrow. I think most rich people who does this are smart and strategic, so they also know how or when to stop once they think things are not running well anymore.

You are absolutely right. I also saw many people , who did not use debt but they are rich man's of our society. They are multiplying their money by investment in their business, property and commodities. They have mindset of rich people and they can tackle any kind of situation, they are doing the investment consistently. In comparison, if poor mindset people will have a more money, he will buy luxury car and luxury apartment and he will not investment on his financial education. That is basic difference between rich and poor people. Poor people always maintain their schedule and they work for their employer but rich person work for theirselves and poor people work for rich person.