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Rich offered different advice and different ways of thinking about money, who would like say as following.
How long would it take you to save $1 million? He would then ask, how long it would take you to borrow $1 million.
Who is going to get richer in the long run? Someone who works all his life trying to save a million dollars? Or someone who knows how to borrow a million dollars at 10 percent interest and also knows how to invest it and receive at 25 percent per year return on the borrowed million dollars?
To whom would a baker rather lend money? Someone who works hard for money or someone who knows how to borrow money and have that money safely and intelligently work hard for them?
Who would you have to be and what would you have to know in order to call your baker and say, I want to borrow a million dollars and then have the maker say, I will have the papers ready of you to sign to 20 minutes?
Why does the government tax your savings but give you tax break for being in debt?
Who has to be financially smarter and more finically educated? A person with a million dollars in savings or a person with a million dollars in debt?
Who has to be financially smarter and more financially educated? A person with a million dollars in savings or a person with a million dollars in debt?
Who has to be financially smarter with money? Someone who works hard for money or someone who has money work hard for him?
If you has a choice of education, would you choose to go to school to learn how to work hard for money or would you rather got to school to learn how to have money work hard for you?
Why is it that a baker will gladly lend you money to speculate in real estate but will not lend you money to speculate in the stock market?
Why do the people who work the hardest and save the most pay more in taxes than people who work less and borrow more?
The poor and middle class have a hard time getting rich because they try to use their own money to get rich. If you want get rich, you need to know how to use other people’s money to get rich, not your own.
