You know what I realized about these rich guys

[maxilofailo]

They seems to all be in debt despite their wealth
Dana white was $40m in debt at one point with the UFC
Kanye west was $53m in debt before Yeezy was successful

Even Diddy is in mortgage debt despite his massive label success being labeled as a music mogul

How are all these billionaires in fucking debt
And they’re so chill with being millions of dollars in debt meanwhile the average person including me stresses out being a couple tens of thousands or even hundreds of thousands in debt

 

[ChiraqJihad]

you listed athletes and musicians 99% are retards

 

[Deleted member 64942]

Leveraging debt to make money

 

[maxilofailo]

Leveraging debt to make money

pls explain for low iq gen interested

 

[Deleted member 64942]

pls explain for low iq gen interested

1. Joe takes out a loan for $1,000,000 at 12% apr on a 10 year term for a passive business venture with 0 overhead
2. Joe will have a $14,347.09 loan payment per month after interest
3. If Joe's business venture makes in excess of $14,347.09 then that's profitable for Joe AKA free money

 

[maxilofailo]

1. Joe takes out a loan for $1,000,000 at 12% apr on a 10 year term for a passive business venture with 0 overhead
2. Joe will have a $14,347.09 loan payment per month after interest
3. If Joe's business venture makes in excess of $14,347.09 then that's profitable for Joe AKA free money

Check pm