Discover how the billionaires use debt to get richer in an easy-to-understand way! Learn the secrets of turning debt into money-makers, smart investing, and how the rich avoid paying taxes. Simple language and real-life examples, including Elon Musk’s strategy will make you 100% understand this complex concept. Debt isn’t always bad, and let’s find out why! Subscribe for more financial tips and tricks!
Chapter:
0:00 Introduction
0:12 Basic of Debt
0:49 Basic Concept of Using Debt to Get Richer
1:46 Example 1: Real Estate
2:35 Example 2: Investment
3:07 Example 3: Buy, Borrow, Die
4:22 Example 4: Leveraged Buyout
4:56 Reasons Why Taking Debt & Risks
5:29 Real Life Example: Elon Musk Case
#debt #debttoincome #investing #stocks #finance #billionaire
Thank you @yukkirito6206 , for the idea for this video. The concept is quite confusing and hard, so I revised the script and scenes three times. 🙂 Sorry for the delay. Let me know if you understand my explanation or if you have any questions or suggestions. 🙂
its abest vedio but the origanl microfinanace is inn my channel
The moment you said rich people, I knew its gonna be about taxes lol
HELLO, I'M NEW TO CRYPTO AND FOREX
?TRADING AND I HAVE INCURRED SO MUCH
?LOSSES TRADING ON MY OWN…I TRADE
?WELL ON DEMO BUT I THINK THE REAL
?MARKET IS MANIPULATED… CAN ANYONE
?HELP ME OUT OR AT LEAST TELL ME WHAT
?I'M DOING WRONG ?
?
Simple rich people us debt to get rich the more good debt you have the more money you make it can be apartment building investing rentals you have huge debt on that building but the landlords pay you rent every month so that loan is being paid of every month . Rich people know how to use leverage to there advantage. Economy goes up or down it won’t matter because people need a place to live
As an ordinary person, i guess the smallest good debts are credit cards. Build a good credit rating and banks will increase your credit limit. Then borrow cash within that limit to buy productive assets that will generate income depending on the cycle of repayments. Anyone agrees?
I learned more about life and money in this 6:20 video then I did all my years in school. So basically I could borrow $100,000 use $50,000 of that for a down payment, and use the other $50,000 for shit like bitcoin and other crypto currencies or businesses I wanna invest into. Then if I need more money I can use all those assets as leverage to borrow more money. Holy shit everything we’ve been thought has been a scam
I overheard a multimillionaire try to describe buying dozens of houses to collect rents, each contributing to their own monthly income, to a person who basically lives on cash tips and 50% after tax going to rent…as a single parent. (a very uncomfortable moment)
The only point the rich guy made at that level, was that the Rich are the reason the wage earner will never be able to buy a home. The Disconnect was so vast, i ended up here for a simplified explanation to pass along…. A basic need ( food, clothing, housing) which is turned into an investment (stocks, bonds, crypto) by tax laws, denies the non-wealthy (people who use cash, and cannot Qualify for low interest debt) the basic need. Just another form of modern slavery
isn't investing loaned money how the great depression happened?
If taxes never existed our lives would be 100% the exact same cuz inflation. For some people it would make you even more poor cuz allot of rich people don’t pay tax so once everyone else can’t pay Tax you become poorer so na I don’t wish Tax never existed
Is it possible to leverage debt to buy assets if someone in your family(not around anymore) used your credit without you knowing and now have a bad credit score , im in my 20s and starting to lock down on trying to build wealth etc and on the learning curve ? thanks
EVERYTHlN'S GAMBLlN!!!!!!!!
Never did I think I would learn such good financial education from Andrew Tate. Thank you!! ????????
Thanks for videos
How to get huge amount of loan from bank?
I am still confuzed, he uses colateral to get the money from the bank but when exactly is he paying the bank and with what?
If with what he got from the bank he buys assets like a house for example he pays the bank back with that money that is taxed.
You Were Li,ed To: Debt Isn’t Bad – It’s How the Rich Get Richer
i recommend reading Rich dad poor dad ,, it's a very good book for those who want to understand financial literacy, financial independence, and building wealth through assets.
that's what some Japanese did during bubble economy and it fucked them up !!
So for the buy , borrow , die strategy in uk you would be walloped with 40% inheritance tax
My bank wont lend me 100k to buy bitcoin as an investment
If you use the money as capital to buy stocks and then use credit cards to buy groceries. Is that good or bad debt?
Assets never generate more income than your loan EMI infact it generates way lower income than your loan EMI.
Yes, debt can be beneficial in some countries. However, in others, the loan companies have poor systems—they harass and publicly shame borrowers just 2–3 days after the loan is issued. The interest rates are also misleading; they seem small at first but increase later, causing even good payers to become poorer. This is a major disadvantage of debt. Still, I believe there are some advantages to it as well.