Many successful Jewish businessmen have limited financial resources in the early stage of their business, so running without capital has become their first choice. The way they come up with is usually to "borrow money to make a fortune". The way Jewish businessmen exchange money is worth learning. When necessary, they should dare to borrow money, be good at using loans, and take a road of borrowing money to make money.
Borrowing money to make money is one of the most commonly used methods for unprofitable operators. After all, they are empty-handed and penniless. No matter what they do, they are struggling. Only by borrowing can they have a way out.
Daniel rowe Lowe, a world-famous Jewish businessman, also had nothing at the beginning of his business, but with his intelligence, he finally raised a considerable sum of money, laying the foundation for himself to become the "king of the world's ships".
1897 June, Daniel Rowe Lowe was born in Lanhaifen, Michigan. Daniel was withdrawn and taciturn when he was a child. His only interest is boating, which makes him less lonely. He often dreams that there are many boats at home, and these boats can go anywhere he wants.
At the age of nine, he became a veritable small "ship owner". One day, he found a sunken small motorboat, so he borrowed $25 from his father and bought it without hesitation. It took a whole winter to salvage the motorboat and repair it. However, to his delight, the ship was successfully rented out the next summer, and Daniel earned the first $50 in his life. Excluding his father's 25 dollars, he made a net profit of 25 dollars. From then on, he decided to be a shipowner with hundreds of boats. However, it was not until the age of 40 that this dream came true.
1937, Daniel Rowe Luo came to new york. He always rushes back and forth between several banks, doing the same thing as when he was a child-borrowing money to buy a boat. He wants to buy a boat with a loan from the bank and convert it into an oil tanker, because transporting oil is much more profitable than transporting oil.
When the bank asked him what he could mortgage, he said that he had an old oil tanker on the water and was running and transporting it. Then, Daniel told each other his plan. He leased the tanker to an oil company. The rent he receives every month is just enough to repay the money he borrows by installments every month. So, he decided to give the lease to the bank, and the bank would charge the oil company rent regularly, so that he could repay the loan in installments.
This practice is incomprehensible, and many banks disapprove of it, telling him not to be wishful thinking. But in fact, this practice is relatively safe for banks. Daniel Rowe's own credit may not be foolproof, but that oil company is reliable. Unless there is an unexpected major economic disaster, banks can assume that oil companies pay loans every month. On the other hand, if Daniel fails to convert the cargo ship into an oil tanker, the bank can still recover the loan as long as the old oil tanker and oil company still exist. Finally, the bank finally agreed to lend Daniel money.
Daniel rowe Luo used the money to buy the second-hand wheels he wanted, rented them out as oil tankers, and then borrowed some money to buy a boat. Time and time again, whenever the debt was paid off, Daniel became the owner of a ship. The rent is no longer taken away by the bank, but put into his pocket by him.
In this way, Daniel Rowe easily owned a huge fleet and won a considerable fortune without spending a penny.
Soon, Daniel formed another way to make money by borrowing money. He designed an oil tanker himself, or made a ship for other purposes. Before the construction began, he tried to find a customer and rent the boat after it was completed, so he could build a boat with a loan from the bank under the lease contract. The repayment method of this loan is deferred appropriation, and the bank will not start to recover the loan until the ship is launched. As long as the boat is launched, the rental fee can be transferred to the bank. So the loan is repaid in installments. When the last loan was paid off, Daniel Rowe Luo naturally became the owner of another ship, and he didn't spend a penny in the process.
They were shocked when the bank heard about his plan. When they studied it carefully, they thought his plan was perfect. At this time, Daniel's credit is no longer a problem. In addition, as before, there is a guarantee that the charterer's credit will strengthen repayment.
In this way, Daniel Rowe Luo's shipbuilding company developed rapidly, and he also became a super rich man. Daniel Rowe has the largest tonnage private ships in the world, and even onassis and Nias, two famous Greek ship kings, are candidly admit defeat.
When starting a business, operators who are new to shopping malls must have certain funds in order to make their business run effectively. No matter how good the goals, ideas and plans are, if they are not supported by certain economic strength, they can only be on paper. It is not difficult to understand why many operators think that funds are the blood that sustains their career life.
In real life, there are many ways of financing, but the loan from the bank is still the main way of financing. However, there are always many operators who are afraid of wolves and tigers, dare not borrow money, and are unwilling to borrow money, thus delaying their promises. More opportunities to get rich and make money.
In fact, at some point, the opportunity makes you force yourself to borrow money, which can help you achieve the goal of making a profit. Invest the money borrowed from the bank in the target project. After a year or two, when you pay off the principal and interest, you can still have a lot of money in your bank account. Of course, you must pay off the principal and interest first, and the loan interest is very high. However, you still made money. How did you make all this money? Because the interest on the loan is an amazing wealth, and it is the most powerful driving force to urge you to step up your work. If you don't turn the funds around and generate interest, you may not even be able to pay off the loan interest.
Emerson said, "What I need most is for others to force me to do what I can and should do." . In other words, it needs a kind of pressure. "When you borrow a sum of money from the bank, you will have a natural pressure. It is precisely because of this pressure that you have to give up the consumption plan, and at the same time you will get rid of the bad habit of laziness. You will make the funds in your hand turn around quickly and put them into business consciously or unconsciously.
Of course. There are advantages and disadvantages, so is borrowing. Successful Jewish managers often say, "Lending is a double-edged sword. If you use it carefully, it will make you rich. If you are not careful, it will be counterproductive. " Before a Jew borrows money, it usually depends on what kind of debt he borrows. If it is a consumer loan, it should be avoided. If it is "investment lending", it can be regarded as another situation. In fact, there are very few rich people who start from scratch who don't borrow money. The rich can succeed because they know the power of borrowing.
Woodra, the former chairman of Coca-Cola Company, is a very conservative financier. He hated debt the most in his life. On the eve of the economic depression, he just paid off all the loans of the company. Once, a financial controller in the company wanted to borrow 100 million dollars to build a new building at 9.75% interest. He immediately replied, "Coca-Cola will never borrow money!" " "Although his prudent strategy saved Coca-Cola from extinction in the Great Depression, it also had side effects, making the company develop very slowly and unable to enter the forest of big American companies.
Later, Gosuta served as the chairman of the company, changed his predecessor's style, had a clear direction, and borrowed heavily. When he took over, less than 2% of the capital of Coca-Cola Company was long-term debt, but after Gosuta took office, the long-term debt soared to 18% of the capital, which surprised his colleagues. Gosuta used these funds to rebuild the bottling equipment of Coca-Cola Company and boldly invested in Columbia Film Company. He said: "If I have a clear merger goal, I am not afraid to increase the debt burden of the company." This courage of not being afraid of debt saved Coca-Cola Company from its predicament. The company's profits suddenly increased by 20%, and the stock began to rise. Coca-Cola is also slowly moving closer to the ranks of big companies in the world.
Gosuta's courage not to be afraid of debt comes from the correct decision based on clear direction. He didn't borrow money indiscriminately, adding to the company's burden, but used the debt to the key links of production. In this way, temporary debts will win long-term profits, and eventually the debts will be completely paid off. If you are timid and dare not take risks to borrow money, then the enterprise will lose the opportunity of development forever and eventually fail in the market competition. This is true for a company, but isn't it true for operators?
Facts have proved that talented moneymakers understand and can make full use of loans. A lot of great wealth in the world was built by borrowing at the beginning. It is wise for self-made operators to make a fortune by borrowing. I remember the famous French writer Dumas said in his play The Problem of Money: "Doing business is a very simple thing. Just borrow other people's funds! "
Most fledgling entrepreneurs don't have much money, so it is not a simple matter to spend tens of thousands or hundreds of thousands to start a business. If a self-made entrepreneur is really poor, there is little chance to think of home. To do any business and run any industry, we must start with the most basic funds, so for most friends who are still starting from scratch, the first important thing is to raise the basic funds needed for starting a business through various channels.
In the market economy, entrepreneurs who dare to lend, are good at using loans, are good at using loans, and will make a fortune through other people's money are smart operators. Don't let the idea of "no domestic debt and no foreign debt" affect you, thus losing the opportunity to expand your business and expand your enterprise.
"If you can point out a millionaire to me, I can point out a big creditor to you." William Ligson, a Jew, said this in his book How I Use My Spare Time to Turn a Thousand Dollars into Three Million Dollars.
You can borrow anything, such as money, technology and talents, and you can use them for your own use. The world has prepared all the resources you need. All you have to do is collect them and combine them organically with wisdom. This is the Jewish way of thinking, which means that businessmen should try their best to borrow money and do things for themselves with bank funds. If you can't borrow other people's funds, it is extremely difficult to do business.
If you look at the history of Jewish rich people, you will find that they became famous rich people in just twenty or thirty years. The speed at which they get rich is amazing.
The famous Hilton took only 17 years from being forced to leave her family to becoming a rich man worth 570 million dollars. The secret of his wealth is to borrow resources to run it. After borrowing resources, he constantly turned them into new resources, and finally he became the owner of all resources-a billionaire.
Hilton especially wanted to get rich when she was young, but she never had a chance.
One day, he was wandering in the street and suddenly found that there was only one restaurant in the bustling Youlin business district. He thought: If I build a high-class hotel here, my business will be prosperous. Therefore, after careful study, he thinks that a piece of land located at the corner of downtown Dallas street is the most suitable land for building hotels. After he found out that the owner of this land was a real estate agent named old Demick, he went to see him. Old Demick made an offer to him, and if he wanted to buy the land, Hilton got $300,000.
Hilton was noncommittal, but invited architects and real estate appraisers to measure his hotel. In fact, this is just an imaginary hotel of Hilton. He asked how much the hotel he imagined would cost, and the architect told him that he needed at least 1 ten thousand dollars.
Hilton has only $5,000, but he successfully used the money to buy another small hotel, which is constantly appreciating. Soon he had 50 thousand dollars, and then he found a friend and asked him to contribute together. The two of them raised $654.38 million to start building the The New Inn. Of course, the money is not enough to buy land, which is far from the hotel he envisioned. Many people think Hilton's idea is a pipe dream.
Hilton once again found old Demick and signed a land sale agreement with a land transfer fee of 300,000 US dollars. However, while old Demick was waiting for Hilton to pay on time, Xi Xiaotun said to the landlord old Demick, "I bought your land to build a large hotel, and my money is only enough to build an ordinary hotel, so I don't want to buy your land now, I just want to rent your land."
Old Demick was a little angry and didn't want to cooperate with Hilton. Hilton said seriously, "If I can only lease your land, my lease term is 100 years and the annual rent is $30,000. You can keep the land ownership. If I can't pay on time, please take back your land and the hotel I built on this land. " Old Demick turned his anger into joy: "Is there such a good thing in the world?" The $300,000 land transfer fee is gone, but it is exchanged for $2.7 million in future income and ownership of its own land, and may also include hotels on the land. " So, the deal is settled. Hilton only needs to pay old Demick $30,000 in the first year, instead of paying an expensive $300,000 at one time. In other words, Hilton only spent $30,000 to get the land use right that should have cost $300,000. In this way, Hilton saved $270,000, but compared with the $6,543,800+0,000 needed to build a hotel, the gap is still very large.
So Hilton went to old Demick again: "I want to use the land as collateral to get a loan, and I hope you can agree." Old Demick was very angry, but there was nothing he could do.
In this way, Hilton has the right to use this land and successfully obtained $300,000 from the bank. Plus the $70,000 left after he paid old Demick $30,000, he has $370,000. But the funds were far from 1 10,000 dollars, so he found another land developer and asked him to develop the hotel together. The developer gave him 200,000 dollars, so his capital reached 570,000 dollars.
1in may, 924, the hilton hotel started construction under the condition that the funding gap was not too big. But when the hotel was built halfway, all his $570,000 had been used up, and Hilton was in trouble again. At this time, he still came to old Demick and truthfully introduced the economic difficulties. He hoped that old Demick would contribute to the completion of the half-built building. He said, "You can own the hotel as soon as it is completed, but you have to rent it to me for operation. The rent I pay you every year is at least $6,543,800. "
By this time, old Demick had been trapped. If he doesn't promise, not only Hilton's money will not come back, but also his own money will not come back, so he has to promise. And most importantly, he doesn't suffer-the Hilton Hotel is not only his own, but also his own land, and he can earn $654.38 million+in rental income every year, so he agrees to contribute to continue the remaining projects.
1On August 4th, 925, the "Hilton Hotel" named after Hilton was completed and opened, and Hilton's life began to enter a glorious period.
Hilton completed his grand plan in two years with a loan of $5,000. I have to say, he is a master of using others. In fact, this method is very simple in the final analysis: find a powerful interest seeker and do everything possible to bind him with his own interests, so that he can become an inseparable body and help him achieve his goals.
Doing business always requires capital, but capital is always limited. Even the richest man in the world has only tens of billions of dollars. But an enterprise, even an ordinary enterprise, can do billions of businesses a year. If it is a large enterprise, it has to do tens of billions of dollars of business a year, and the capital of the enterprise itself is only hundreds of millions or billions of dollars. They rely on the continuous rolling turnover of funds to increase their turnover. Whether an enterprise can do business depends on whether it can do more business with less money.