Just like us … sort of
Just like us … sort of: Believe it or not, billionaires like Elon Musk and Mark Zuckerberg still take out mortgage loans. Why? It provides liquidity. By not tying up their wealth in homes, they can use that cash for bigger investments. Example: Pay 5% interest on a $2 million mortgage and invest the $2 million in something earning 10%. This isn’t financial advice, but it makes sense to me.
Tags: cash, Elon Musk, interest, investments, Mark Zuckerberg, mortgage