Locker room Trivia- If a billionaire gets a $180 million loan, is he still rich?

[Standing on business]

 

[NaijaProdigy Redux]

yes.

It’s more tax-efficient.

You can use a personal asset line of credit (secured by stocks for example) to finance certain purchases.

You avoid paying capital gains on the sale of assets and if you never sell, at death, your heirs will get a step-up in the basis.

It obviously comes with some risks, like a margin call and typically they’re structured with a floating interest rate

 

[The Pledge]

Negged

 

[O.Red]

How you know he's a billionaire ?

 

[Higher Tech]

Negged

This is the right answer

 

[Amerikan Melanin]

Dame was talking crazy

 

[Seoul Gleou]

Ill let you know after my dinner with Jay-Z

 

[Sniper]

Let a bank loan me 180 million dollars and I’ll let you know

 

[I love Latina women]

Negged

I don’t know why but this shyt got me rolling

 

[No Homo]

Do we really know if they're a billionaire?

 

[O.T.I.S.]

I thought most “rich” people use loans or other peoples money anyway

 

[SadimirPutin]

yes.

It’s more tax-efficient.

You can use a personal asset line of credit (secured by stocks for example) to finance certain purchases.

You avoid paying capital gains on the sale of assets and if you never sell, at death, your heirs will get a step-up in the basis.

It obviously comes with some risks, like a margin call and typically they’re structured with a floating interest rate

Summed it up perfectly

 

[FaTaL]

you have to have assets to get that

 

[Striving For Greatness]

That kind of math is only taught in Harlem pause 101 academy

 

[Toe Jay Simpson]

Not in Harlem