This is How Elon Musk, Bezos, Gates and Buffett Made Their Money
Here’s what you can learn from them
What do Elon Musk, Jeff Bezos, Bill Gates, and Warren Buffet have in common? They are all billionaires and they have been at some point in the recent past, the richest person in the planet.
But how did they get there?
Inheritance, hard work, or even entrepreneurial ability can only take you so far, but to become a billionaire you need something else.
Debt
It is not possible to make that kind of money unless you use leverage. Just saving, reinvesting profits, and being frugal doesn’t cut it. Borrowing at low interest rates and investing in solid assets is the only way to multiply your money 1000x.
Right now, we live in a low-interest era. The cost of borrowing is almost 0% and thanks to inflation, any scarce asset is guaranteed to appreciate substantially. This is an investors paradise, it doesn’t matter what you buy, it will go up in price. Guaranteed.
If you can borrow 100 million at 1% and earn a 20% yield with, that’s a 19 million profit a year. It’s a no-brainer.
Interest rates
Never has been so easy or so cheap to borrow money. Rates are at an all time low…