Why Kim K is worth billions but still has a mortgage…

Why would Kim K still get a $48 million mortgage to buy a new home as a billionaire? Well time for a secret. Rich people understand that you don't. There is a difference between what I will call good debt mortgage and bad debt. Good debt is when you are able to borrow money at a lower rate that you can earn by investing that same amount of money and you do invest it. This means that you're able to turn a profit and grow wealth because that money is making more than you're paying on it in your interest payments. This same idea is applied to almost everything you do. There's a reason that if you look at the Forbes 100 list billions and billions of dollars every single person on there has some form of debt because debt can be incredibly good when used well. It's just that not everybody wants us to know that. Kim knows that you can use debt intelligently in order to make your money make money by bringing you back friends.