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Right. It's good debt. It's the type of debt rich people do to get richer. He's got assest that more than likely appreciate greater than the interest on the deb
by chiefalchemist 3y ago
Right. It's good debt. It's the type of debt rich people do to get richer. He's got assest that more than likely appreciate greater than the interest on the debt. It's not like he's run up $1B in high interest credit card debt buying needless shite at TJ Maxx.
This is one of the key differences between rich and poor. Rich use debt to their advantage. Poor use debt to stay poor, lose ground.