LogFAQs > #963321765

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Topic	Are upper middle class or rich people ever in huge debt?
JJH777 03/10/22 1:24:24 AM #31:	Once you're rich it's better to borrow than actually spend your own money. Even conservative investments earn ~5% annually in the long run. When you're that wealthy you can get secured loans with like 1-2% interest rates so you increase your net worth more overtime by taking on significant amounts of debt than by staying debt free. --- 9/2/13-The Hero of GameFAQs fought bravely but fell to an unrelenting horde supported by a corrupt tyranny. R.I.P. Hero of Time, 7 time CB Champion, Link <cite>JJH777 posted [p:963321765] in Are upper ... [t:79935019]...</cite> <quote>Once you're rich it's better to borrow than actually spend your own money. Even conservative investments earn ~5% annually in the long run. When you're that wealthy you can get secured loans with like 1-2% interest rates so you increase your net worth more overtime by taking on significant amounts of debt than by staying debt free. --- 9/2/13-The Hero of GameFAQs fought bravely but fell to an unrelenting horde supported by a corrupt tyranny. R.I.P. Hero of Time, 7 time CB Champion, Link</quote> ... Copied to Clipboard!
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