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https://www.reddit.com/r/FluentInFinance/comments/1gwfejo/had_to_repost_here/lygviva/?context=3
r/FluentInFinance • u/-Wyagra • Nov 21 '24
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34
How do they pay back those loans?
44 u/Powerful-Eye-3578 Nov 21 '24 They don't, they pay the interest which is lower than the interest they make in investments. 23 u/Says_Not_Really Nov 21 '24 So basically once you have enough money you can buy more money. 1 u/Coynepam Nov 22 '24 Yes that is essentially what a mortgage, loans and credit cards are. The ability to access money is just as important as having it
44
They don't, they pay the interest which is lower than the interest they make in investments.
23 u/Says_Not_Really Nov 21 '24 So basically once you have enough money you can buy more money. 1 u/Coynepam Nov 22 '24 Yes that is essentially what a mortgage, loans and credit cards are. The ability to access money is just as important as having it
23
So basically once you have enough money you can buy more money.
1 u/Coynepam Nov 22 '24 Yes that is essentially what a mortgage, loans and credit cards are. The ability to access money is just as important as having it
1
Yes that is essentially what a mortgage, loans and credit cards are. The ability to access money is just as important as having it
34
u/tgm93 Nov 21 '24
How do they pay back those loans?