Why do rich people borrow money ?..I bet you this will so amaze you !!!!!!

A billionaire walks into a major bank in NYC. He requests a $5000 loan. Since his credit score is off-the-charts, he is granted this wish with a joke interest. Then, he leaves his Bugatti as collateral to the bank and leaves for a trip in Europe for the next week. The Bugatti is parked to the private garage of the bank and security detail is appointed.

When he returns home, he takes a cab to the bank and pays for his loan plus the joke interest (single digit). When the vale goes and gets his Bugatti for him, he asks why the hell did he do such a thing. He replies:

‘How else could I park my Bugatti in NYC with all the crazy parking fees for a week. This arrangement is basically a steal’

I just wanted to tell this story because it never fails to amuse me. This is not why rich people borrow money. It is because they leverage other people’s money to lower their expenses

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