The Wealthy Idiots | The Rich Use Debt

Financial Leverage and Debt (The Backwards Way the Rich Get Richer)

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The wealthy use financial leverage and debt to advance their wealth. Most of us understand debt as the a method for retail establishments to separate us from out money. But the wealthy use debt to leverage themselves into greater amounts of wealth and to avoid taxes. AJ breaks down the math on why it makes more financial sense to borrow money than to withdraw from investments.

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  • AJ Sheff

    After attempting college, AJ joined the Marine Corps. When he left active duty, he worked in retail for a few years before returning to college. Several years later AJ was awarded his Bachelor in Science in Computer Science. Soon after, AJ began working in the tech industry as a Junior Developer. AJ continues to work in tech, however, he began to cultivate a passion for personal finance. For AJ, the concepts began to click and he felt a need to help others understand how to be financially free. If AJ can do it, any Idiot can.

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