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The “accredited investor” thing always seemed like a scam to me. Like if you have a lot of money we will trust that you know how to invest, otherwise we won’t l
by bryan0 2y ago
The “accredited investor” thing always seemed like a scam to me. Like if you have a lot of money we will trust that you know how to invest, otherwise we won’t let you.
- jitl 2y agoIf you have a million dollars and accrue a debt of $500,000 you are solvent. If you have $20,000 and accrue a debt of $500,000, you are bankrupt and your debtors take a big loss and everyone is sad. (Also presumably if you have a bunch of money you did get it somehow…)
- bdangubic 2y ago$20k with $500k debt is a whole lot of airbnb enterprenuers racking in serious dough. debt is a great thing as long as you make money from that debt (you don’t pay taxes on the debt either) :)