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Why the Rich Love Debt (And You Should Too)
How Debt Can Make You Richer Than Ever Before
As many of you know, I’ve been reading extensively about the power of debt and its origins. One thing is clear to me: debt has existed for over 5,000 years, and it’s arguably one of the most powerful tools ever created. When used wisely, it can help you gain something that money itself cannot buy — time.
The Origins of Debt
Why do I say debt is over 5,000 years old? It’s simple. We often hear that everything started with bartering, but I don’t think that’s entirely true. Do you really believe people went to the baker with two eggs and said, “I’ll trade these for some bread”? Likely not. The baker probably wasn’t interested in what you had to offer at that moment. Instead, they might have told you to bring them something they needed another day.
In fact, clay tablets found in Mesopotamia reveal a system where debts were recorded and later erased once settled. This marks the beginning of a system where trust and obligation became central to economic exchange.
As time went on, kings — and later governments — promised rewards to those who worked for them, creating a dynamic where rulers became indebted to their servants. But let’s be honest: throughout history, those with the most…
