Why the Rich Borrow from the Bank to Buy Property 🏦 #graemeholm @moneymentorau
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Why the Rich Borrow from the Bank to Buy Property 🏦 #graemeholm @moneymentorau
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Why rich people borrow money?
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The rich don’t sell their assets. They borrow against them. And that changes everything.
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Ever wonder how billionaires pay less in taxes than teachers? It’s called “Buy, Borrow, Die.” Buy assets. Borrow against them tax-free. Die—and the gains disappear for their heirs. Teachers get taxed every paycheck. Billionaires compound wealth for generations.
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TikTokcorybooker
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Borrowing money from/to people is a risky move in all cases, sometimes you want help people out but you never know what their intentions are. It can cause friction between people especially if terms are made verbally and promises are not kept, that’s why it’s always ideal to test out a persons capability to borrow by giving them small amounts and then slowly building that trust. For example: If someone says they need £100, just say you have £50 to spare. I personally have great friends who would
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