Use other people's money to make a fortune for yourself

According to the traditional view, borrowing and making a fortune are irreconcilable enemies. If they can do it, they will not owe money to outsiders. In order to buy something, you should save enough money before you buy it. There is no doubt that borrowing is a bad thing and we must try our best to avoid it.

However, this is not in line with the modern concept of business. When the opportunity comes, wise businessmen will not hesitate to borrow a lot of money, then plan carefully and operate elaborately, and finally reap the wealth that others dare not think of.

In the modern economy, borrowing and making a fortune can actually transform and use each other. Borrowing money from others to make a fortune for yourself is an important connotation of modern business concept.

We can divide borrowing into two categories: consumption borrowing and investment borrowing. The analysis of these two kinds of debt will change your understanding.

For example, if you want to buy a famous brand mobile phone, but you don't have enough cash on hand, then you go to borrow money from others, which leads to consumer debt. This kind of borrowing behavior satisfies your consumption desire and makes you pay high interest for it. When due, you have to pay not only the principal but also the interest.

However, if it's investment borrowing, it's another matter. At this time, borrowing money is not to meet the needs of recent consumption, but to ultimately create wealth.

You may think that not borrowing is an act of being responsible for yourself, and you can avoid debt risk. This is an untimely idea, and it's easy for you to miss a new opportunity for great development. This opportunity is always in danger of being taken away by others. If others seize the opportunity, it means you miss the opportunity and wait for death.

If you want to make your career develop rapidly, you must expand your business when necessary, otherwise you will have economic losses. Because expanding your business requires capital, you will be able to borrow money.

Debt is a lever, a way to take your business off the ground.