Why The Rich Love Debt

The Kris Krohn Show

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.