Can you use debt to build wealth?

[Nomad]

You can use your debt to improve your financials. In fact big companies use debt to make money. How do that do it? Well, they borrow money and use the money to income-generation programs. They borrow money to invest in the market. They pay their debt through the return on their investment. IN 5-10 years, they pay back their debt and their assets will be 100 percent theirs. Do you use debt to improve your earnings?

 

[Augusta]

Well, to a large extent you can if we are to go by your summation. But this is a very risky way to build wealth. Things sometimes don't go as planned

 

[King Belieal]

Those are established multi nationals and not just a mini store. Those big companies are established and it is a 60 percent guarantee that they would payback the loan.

 

[eLdavis]

This is true, but at the same time it could also backfire. There are situations where after borrowing you are not able to invest into something that generate money for you. This would become an issue.

 

[Stardom22]

According to my own opinion one cannot use the debt to build one's wealth. The most sad thing with that is the more you take credit for whatever reason the lesser are the chances for the building of the wealthy