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.
