The article discusses advanced strategies rich people use to manage and reduce debt, focusing on strategic debt negotiation and high-velocity cash-flow recycling. Wealthy individuals often negotiate better terms for their debts, even in good times, by leveraging their financial relationships. Additionally, separating business entities allows them to protect their personal and corporate credit while addressing financial obligations. These insider tactics can help anyone manage their debt more effectively and accelerate the journey towards financial freedom.
Rich people often use strategic debt negotiation to reduce how much they owe, leveraging their financial setup for better terms.
By splitting companies into multiple entities, wealthy individuals can declare bankruptcy without affecting their personal credit or other companies' credit.
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