article thumbnail

Do the Rich Use Debt Differently?

Prairie Eco-Thrifter

Rich people can borrow from their brokerage accounts, typically at lower rates and with less hassle. A bank might be reluctant to take on a large loan, but if you already have that much money in your broker account, leave it there to continue to earn money, and borrow against it if you deem it wise to have this debt.

Debt 100