Sophie Kinsella: Borrowing Wealth
on Friday, November 9, 2012Sophie Kinsella Money Quote saying earning a million without starting a business is a life-long path, while success in business happens much faster. Sophie Kinsella said:
“People who want to make a million borrow a million first” — Sophie Kinsella
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This quote from Sophie Kinsella suggests that the fastest way to become a millionaire is often through entrepreneurship and business, rather than long-term saving and investment.
By “borrowing a million first”, she means taking on debt or investment capital to start a business, with the goal of the business becoming profitable enough to repay the loan and make a large profit.
The quote implies that success through directly starting and building a lucrative business can make someone a millionaire faster than slowly saving and earning interest over many years through employment.