Financial winners vs financial losers

Financial winners vs financial losers

“Some people are so fond of ill-luck that they run half-way to meet it.” – Douglas Jerrold

There is one major difference between financial winners and financial losers. Financial winners borrow at low rates of interest for quality assets such as property and shares that rise in value, whereas financial losers borrow at high rates of interest for consumer items such as furniture and cars that drop in value. Hence the expression, the rich get richer and the poor get poorer.

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