Borrow Money To Get Rich

Borrow Money To Get Rich

The age old personal finance advise is – Get Out of Debt and Stop Borrowing more money if you want to become rich. But well, Do you know that this advise is partially correct only.

And if you strictly follow this advise today than you may never become rich in your life…!!!

I know that this may sound crazy to you. And many of you may think that it’s crazy or the writer of this article is simply gone made.

But well, If you understand the difference between the Assets and Liabilities and also know the History of the Gold Standard then you will realize that not the all kind of debt in this world is bad.

In fact, there are basically two types of debt – Good one and a Bad One. A Good Debt is one which is used to acquire the Assets (Businesses, Real Estate, Art, Web Properties…etc..) while a Bad Debt is one which is used to acquire Liabilities (Car, Home, Clothes, Travel, Personal Loans, Credit Card Debt…etc..).

Unfortunately, most of the people around the world don’t know the basic difference between the assets and liabilities and that’s why they struggle financially for the rest of their life.

And how they can know the basic difference between assets and liabilities? After all our entire education system doesn’t teach us the difference between the assets and liabilities.

Remember that in 1971, the rules of money have been changed when President Nixon of USA removed the gold standard and the dollar no longer backed by gold. And after that the entire world had removed the gold standard.

Today the central banks and governments from all around the world can print as much money as they want according to the need of the economy. But Do you know that How Rich get access to this newly printed money also known as Hot Money in the sophisticated terms?

Well, by borrowing it from the governments at very low interest rates to acquire assets. Well, Yes. A Good debt is one which is used to acquire assets out of your money.

And by paying off this good debt, the rich get richer than ever. But well, to use the debt in favour of you to get rich, you will need a basic financial knowledge and you must be familiar with various terms.

Don’t Worry. You can Download my FREE eBook My Journey To Billionaire Club: What Rich Teach Their Kids About Money That Poor & Middle Class Don’t?

Just click the above link and download my eBook right now for FREE without any annoying registrations and shoot up your financial IQ by several folds. In my 162 page ebook, I have explained in very detail that what Schools don’t teach you about money. And use the knowledge inside this eBook to get rich in your life.

And yes, Don’t forget to spread this financial awareness to as many people as possible. So that we can see the better future…!!!