Who tf getting a 1 mil loan for $50 a month

the biggest companies in the world have tons of debt. Nike has $700 million in debt. debt just makes sense

yeah that's what I'm saying. He's not concerned with saving money to start a business by taking out a loan. He can just own one outright.

i wish you could have made this post earlier tyler the creator ruined my life i will never recover

lmfao

Tyler the Creator a financial terrorist

that's a very Joe Budden idea. there's no shame in partnering with someone. all of Jay Z's biggest successes have involved him going into partnership with something else with something that he owns. Jay Z always sells his companies or sells a portion of them

but having debt doesn't mean you don't own it. like you own a car or a house but you might pay a note on it. but it makes sense to pay a note cuz u can use that money on investments that pay more than the interest rate you'd pay on the loan

I tried

Tyler really built a music career to teach people how to be financially irresponsible

damn never knew this

yeah, same thing with any asset that appreciates

if you buy a house for 100k with your own money and the house doubles, you have a 100% return (2x your money)

if you buy a house for 100k but you use 20k of your own money and borrow 80k from the bank, and the house doubles, your return is 500% (or 6x your money) before interest. sell the house for 200k, pay back the loan of 80k, you have 120k and you started with 20k

holy s***

you blew my mind with this

honestly never knew that lmao

I know nothing about business

Seems smarter than taking it from anyone on KTT

this is how many of the richest people in the world make their money. there's a whole industry fueled by it called Private Equity. it's also why people make so much money in real estate, cuz it's very easy to borrow against a house.

OPM. other people's money. of course if you use too much leverage then you can get f***ed

if housing prices crash in the first example and your house is worth 75k now, you lost 25k, it's a -25% return. but if you borrowed 80k, now you owe more money than your house is worth

Tyler gives bad advice in general, but that's a different topic for a thread I'd like to make one day.

he is richer than i am for sure

Tyler listened to 4:44 and thought he could provide financial advice for his demograph

don't look too much into it and don't take serious financial advice from tyler please.

Teejayx6 Implicitly Giving Poor Financial Advice

What are you talking about