Why The Rich Love Debt - The Kris Krohn Show

What this episode covers

It might seem counter intuitive for Millionaires to like being in debt. Doesn't that mean that they don't have any money? Well it is like buying a house or a car. You can have the house but you haven't paid all the money yet. You have a mortgage that you pay every month and eventually you will own your house. Debt works the same way, imagine you are renting out that house you have a mortgage but you are able to rent it out for more money than you have to pay. The extra money is Cash Flow and the Wealthy love Cash-flowing assets they don't own.

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Frequently Asked Questions

How long is this episode of The Kris Krohn Show?

This episode is 7 minutes long.

When was this The Kris Krohn Show episode published?

This episode was published on April 30, 2024.

What is this episode about?

It might seem counter intuitive for Millionaires to like being in debt. Doesn't that mean that they don't have any money? Well it is like buying a house or a car. You can have the house but you haven't paid all the money yet. You have a mortgage...

Can I download this The Kris Krohn Show episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.