They say to get rich you have to use other people's money. Where do you start?
They say to get rich you have to use other people's money
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Get a credit card and build credit
On your knees.
Borrow money to invest. That's what they really mean. And make sure your investments pay well over the interest rate you're paying.
I have literally never heard this saying.
* to get rich you must use other people.
i.e hire people on a fixed salary to do work that generates you profit.
It goes by "in order to make money, you have to spend money" as well.
Both are suggesting credit. Now go get yourself into debt OP!
Make sure to put it into the stock market now! Don't buy the dip! Make sure to buy high & sell low!
Let's say I want to purchase a safe investment that pays 6% in dividends. How can get the back to loan me, let's say, 25k at 4% interest and spread the term of the loan out to keep payments low?
*almost* the worst advice I've ever seen here
Various ways, the easiest I know of is just to HELOC it out
Easiest example is buying an investment home/condo/apt with a mortgage. (You're using someone else's is money, while your renters are making mortgage payments)
How are you going to get a 4% unsecured loan?
And something that pays 6% div yield in the current interest rate environment is not going to be safe.
implying investors will buy into your 500 credit score
Save the advice giving for the grownups
Hashocean has a 3 month roi, 15kh/s sign up bonus and pays out every day, fuck that genesis shit m8
wait... you think we didn't read that one before?
It isn't a good thing if the first thing you think of when you enter the site is that's It's a scam.
well you know the saying
"if some investment claims to consistently beat the market be very suspicious"
i took out a 6% apr loan for 35k to buy bitcoin. i have a 60k a year job. not sure if thats a valid answer.