BIGG Success Logo boxed

The Dirty Secret to Getting Rich

the secret to getting rich for BIGG SuccessWhat’s better than being debt-free? Large companies know the answer.

Large companies are already flush with cash. Yet they are borrowing money like crazy.

Why? Because they know a dirty secret to getting rich:

What’s better than debt-free? Hitting pay dirt with money that’s dirt cheap.

We are witnessing interest rates that most of us won’t see again in our lifetimes. So now may be the time to add to your long-term capital base.

As long as you’re strategic about it.

Ask people who lend to consumers and they’ll tell you that most people only think about the payment. And they borrow for the wrong things.

Entrepreneurs think differently. They realize that the “interest rate” is the cost of money. It’s the rent you pay until you return the lender’s money.

So why not lock in cheap rent for the long haul? Use the money to buy assets which throw off enough cash flow to service the debt and provide you with a nice return.

*Please note that this is general advice. You should speak with your professional advisors about your situation before you proceed.

But also note that we’ve already taken this advice. We recently did some strategic borrowing. So we’ve put other people’s money where our mouth is!

You may have to dig a little for it. But if you invest it to create more cash flow, it can lead to BIGG success!

What do you think? Is it better to be debt-free or are there times when it pays to borrow?

Image in this post from Flickr

BIGG Success Logo boxed

Don’t Show Me the Money

wallet The List Universe recently published their list of ten lost rules of etiquette. The one that really got our attention was their #1 reason – talking about money and possessions.



When it comes to money, the author says that a gentleman would never:

Read more

BIGG Success Logo boxed

Tell Your Banker These Two Things When You Want to Borrow Money

By Bigg Success Staff

Bigg Success in Business


There’s a complaint that you’ll hear from banker after banker. Although it’s not really a complaint; it’s an observation from which we can learn.

They’ll tell you that potential borrower after potential borrower sit in front of them seeking money. These borrowers weave elaborate tales about the businesses they plan to build. They tell them about all kinds of things.

However, a half hour … three-quarters of an hour … even an hour later, they still haven’t told the banker the two most important things.

#1 – How much you want to borrow
After you extend pleasantries with your banker, the first thing you should tell him or her is exactly how much money you want.

Many people are uncomfortable talking to bankers and even more uncomfortable talking about borrowing money. But if bankers don’t lend money, they won’t stay in business.

That’s the product they sell (or rent in their case). So don’t be shy about telling them this.

#2 – How you will pay it back
The rest of your conversation should focus on this. Many business people make another huge mistake here – they talk about sales. But remember this …

Sales don’t repay bank loans, profits do!

So talk about your profits – historical and projected. Explain why you feel this loan will increase your profits. Tell your banker what you will do if those profits don’t materialize.

Tell your banker how much you want to borrow and how you will pay it back. It’s a simple outline for an effective loan presentation.

Find out when we post new articles. Subscribe to the Bigg Success Weekly.

Hear today's lesson and laugh on The Bigg Success Show. 

Related posts







(Image by J-Cornelius,CC 2.0)