Borrow Like a Billionaire

Date: February 12, 2020 / Category: Blog

When it comes to building wealth, there’s a popular misconception that it can only be accomplished through relying on savings or existing funds, or that billionaires don’t have to borrow because they already have these funds at their dispense. However, not many people know that even billionaires take out loans in order to finance their endeavors rather than relying solely on their existing funds or savings.

Why taking out a loan is a smart financial decision

So why do billionaires borrow? When you’re borrowing to finance an investment, the idea is that that same investment will pay back the loan, and leave you with your accumulated wealth untouched. So, it’s sort of like giving yourself a head start. Another reason to borrow is to avoid digging into your savings or avoid having to give up on valuable assets.

The platform you choose to take out a loan from is equally as important as the decision to take out a loan itself. With a loan from Celsius Network, you can borrow like a billionaire even if you’re a couple of commas shy.

The billionaire mindset (Reasons billionaires take loans)

  1. Keeping the Upside potential of your assets:
    When you take out a loan with Celsius, you’re not selling your assets — you’re borrowing against them. This basically means that you are putting to good use the value that you own, without losing it. While crypto-assets can’t always be easily liquidated, you’d be getting a dollar value for your assets for practical use — WITHOUT losing that same value.
  2. Access to better rates & tailor-made terms: Billionaires might be used to getting special treatment and better rates for their loans, but with Celsius — rates are democratized. Celsius already gives you the rates it gives billionaires based on the collateral you choose, and not based on your credit history, worth, or background checks.

💸 Borrow like a billionaire by applying for a Celsius loan here

3. Diversify your portfolio: Billionaires know not to put all their eggs in one basket. Diversifying where you put your money lowers the risk when it comes to investing in modern currency. With Celsius, you can borrow against various different assets simultaneously and get their updated value once paying back your loan.

About Celsius Network

Celsius Network is a democratized blockchain-based cryptocurrency platform accessible via a mobile app. Built on the belief that financial services should only do what is in the best interests of the community, Celsius is a modern platform where membership provides access to curated financial services that are not available through traditional financial institutions. Crypto holders can earn interest by transferring their coins to their Celsius Wallet and borrow USD against their crypto collateral at interest rates as low as 4.95% APR.

Download the Celsius Network app and start earning interest on your crypto today ➡️

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