Why Do Rich People Still Borrow Money?

There’s a personal finance cliche that debt is the devil. This makes sense to me when it comes to onerous debt like carrying a credit card balance. But the more time I spend in wealth management the more I realize that the intelligent use of debt can make sense even if you have a high net worth. Lots of rich people use debt as a tool. When Mark Zuckerberg bought his California home, he took out a 30-year fixed-rate ...