145 Comments

avator
Harold Buford
Round Rock, TX · 2 months ago
HOT

Most ignorant thing I have heard all day. You can still be taken to court even with an llc or cooperate status you still can be liable for some of that. Just put the 10 million in a compound interest savings account and live off the interest. Morons

avator
JC
Silver Spring, MD · a month ago

My boy is a millionaire and didn't use any of his money to build a 50 unit condo building, he borrowed 20 mil. lets say he pays 70k a month to the bank but rents out 30 of the 50 units at 3k a peice that's 90k. Im using lower numbers just to show he can still profit. its in a very good area so I know he'll rent all units at around 3500-4000 a month, so I'm thinking atleast 175k per month and btw each of his 3 business grosses more than 175k a month. I know most don't belive but there's waaaay more people in this world that make waaaay more than that.

avator
Hutch
Homestead, FL · a month ago

comment picture
avator
Kyle Davis
Lansing, MI · a month ago

And ain't no bank giving you a loan for ten million for having ten million in the bank without putting that in up as collateral

avator
Javier Jasso Garcia
Chicago, IL · a month ago

This is never true I don’t know where he got his info from apparently he never had a $10 million his test his own theory he probably just heard it from someone else just like we’re hearing it from him now

avator
Vince Corbett
Kirbyville, TX · a month ago

so when they took me to court to pay back 4k if it would have been 10 mil they wouldn't have touched me? doesn't make sense

avator
Nikkels
Suffolk, VA · a month ago

Until they put a lien on ur bank account.

avator
Kerry Werner
Allentown, PA · a month ago

No true at all. MC Hammer went broke

avator
Jesse Johnson
Wyoming, MI · a month ago

wow

avator
A P
Minneapolis, MN · a month ago

Until the bank sues you

avator
Gbazo
Washington, DC · a month ago

Rich people don’t do that 😂😂😂 trust me 😉

avator
Well’den
Tacoma, WA · a month ago

That’s while you call me to get life insurance and I’ll make sure you get your money with no taxes😂😂😂

avator
Family First
Bronx, NY · a month ago

😂 Rich people never go broke? Yea right. Plenty have and do.

avator
mikey
New York City, NY · a month ago

round table of financial genius.

avator
Haten Onme
Atlanta, GA · a month ago

🤔... 💡

avator
YOURFEARS FEARME
Miami, FL · 2 months ago

a lot of broke people commenting ignorant.

avator
JOHN WICK 101
Port Jefferson Station, NY · 2 months ago

So wrong

avator
Richard Rhodes
Newton Falls, OH · 2 months ago

yea until they garnish your 10 mill.

avator
jdbhhr
New York City, NY · 2 months ago

no one will loan you a dirty pair of under wear with a bankruptcy on file.

avator
Amber McNelly
Portsmouth, OH · 2 months ago

we the people are not stupid by any means! in order to beat the system you have to out think it!

avator
Extinction
Yuba City, CA · 2 months ago

Dude has no idea what he's talking about.

avator
Sayswho?
Chicago, IL · 2 months ago

They will take your 10 million to pay back plus fees and interest. Now you are broke.😆😆😆😆😆😆😆😆

avator
De Lau
Brooklyn, NY · 2 months ago

when u borrow against the money. believe, that money is being hold on by the bank. so when u not pay back. u think bank will just say "ok " ?? the ten is theirs n u own that interest😂😂😂from that 10 mil u borrow.

avator
Jamesrjii
Brimfield, MA · 2 months ago

If you borrow against something isn't that collateral, dont they have the right to take it if you default?

avator
yemile
Raleigh, NC · 2 months ago

facts credit means nothing file chapter 7😂😂

avator
Christopher Ulm
Columbus, OH · 2 months ago

don't listen to this guy for financial advice. the reason why they loan you the money is because you have it on deposit. you cannot withdraw if your balance goes below the amount of the loan. the bank will get theirs and you'll have bad credit and no money

avator
blawesome televìsíon
Tyler, TX · 2 months ago

the banking system keeps the country in debt... never paying it back only paying the interest

avator
lena zhang 🇺🇲
Pasadena, CA · 2 months ago

wasnt that the guy that was locked up

avator
ApacheWarDog
Palatka, FL · 2 months ago

He’s not wrong

avator
Dgreen
Saint Augustine, FL · 2 months ago

Yeah that’s not how it works. They will come after you and take that money unless it’s protected in something like an llc

avator
Doyle Johnson
Indianapolis, IN · 2 months ago

making egg sandwich never made 10 🧈 egg sandwich than cookies and a little banana smack that

avator
Dr Boo
Howell, NJ · 2 months ago

Anddddd now he’s in jail

avator
Aint know sun shine 456
Greensboro, NC · 2 months ago

Right

avator
Luis Martínez
San Antonio, TX · 2 months ago

most people don't fit 10 mil

avator
Eric Garcia
Houston, TX · 2 months ago

Do it bro 😂 end up broke asf

avator
Lamar Elliott Jeter
Morrisville, NC · 2 months ago

Jail

avator
Justin
Tucson, AZ · 2 months ago

didn't he steal a ton of money to build a city in Africa and they barely put up a frame to 1 building 😂😅😭😂

avator
just ME
2 months ago

This can be done thru a c-corp but he is not telling the WHOLE aspect of what you have to go thru to obtain against business summary etc to prove despite other steps but yes he is halfway correct…he not telling all of it because “Rich PPL don’t make broke ppl Rich”..

avator
Stephen Tidwell
Hendersonville, TN · 2 months ago

This is moron logic. The bank will get their money - trust me

avator
Bobby Graham
Pontiac, MI · 2 months ago

low IQ I swear they are stupid

avator
Gerome Egans
Riverside, CA · 2 months ago

No longer

avator
Gsxr_Matt _
Lisbon, OH · 2 months ago

you can't get anything on credit anymore with bad credit... he said build it up again in 5 years. like 5 years is a short time...

avator
cipriano Cosby
St Louis, MO · 2 months ago

I was a fan of his until she'd not told the story of how he came up in the hotel room and he sank the acon and his Partners had them some Tula young girls up in and it was under age too

avator
The Baron
Lebanon, TN · 2 months ago

rich people are always broke. . . most are "worth 10 million" but are in debt millions of dollars.

avator
S H
Fort Valley, GA · 2 months ago

why not just invest that kind of money in CDs and dividend stocks and take some money from that?

avator
cipriano Cosby
St Louis, MO · 2 months ago

And suge knight allegedly told to 2 girls to leave and gave him some money

avator
tee bone
Powhatan, VA · 2 months ago

his friends knew all about them phone calls and that minimum payment 😂😂😂

avator
lina hearts
New York, NY · 2 months ago

So I saw you take me to court cause they do that now

avator
BOSS
Texas City, TX · 2 months ago

lol Idiots

MoneyOnMyMind

avataravataravatar
40.7K members5.6M views

Welcome to MoneyOnMyMind, the go-to Circle for practical personal finance inspiration, tips, and real talk on managing your money. Whether you’re budgeting groceries, digging out of debt, building credit, learning how to invest, or wrestling with retirement plans—this is your community for smart, non-judgmental financial wisdom in short-form. Get motivated, swap hacks, and let’s help each other master our money one decision at a time.

More from c/MoneyOnMyMind

cover for Discover how I manage a $9,788 paycheck as a Texas state trooper. Get instant access to my budgeting tips—link in bio! 💰 #FinanceTips #BudgetSmart #MoneyOnMyMind #
0:51

Discover how I manage a $9,788 paycheck as a Texas state trooper. Get instant access to my budgeting tips—link in bio! 💰 #FinanceTips #BudgetSmart #MoneyOnMyMind #

Avatar for DebtDiva88
DebtDiva88
92
cover for Discover new ways to save money and boost your financial health! 💰 #MoneyTips #FinancialLiteracy #
0:43

Discover new ways to save money and boost your financial health! 💰 #MoneyTips #FinancialLiteracy #

Avatar for InvestNChill
InvestNChill
7
cover for Celebrating the first milestone in my debt-free journey! 20% of debt paid off. Keep pushing! 💪 #MoneyOnMyMind #DebtFree #
1:58

Celebrating the first milestone in my debt-free journey! 20% of debt paid off. Keep pushing! 💪 #MoneyOnMyMind #DebtFree #

Avatar for CentsSavvy
CentsSavvy
1
cover for Top 3 ETFs to invest in for 2026! Unlock your financial future today 🚀 #InvestSmart #FinancialGoals #PersonalFinance #
0:55

Top 3 ETFs to invest in for 2026! Unlock your financial future today 🚀 #InvestSmart #FinancialGoals #PersonalFinance #

Avatar for DebtDiva88
DebtDiva88
2
cover for Unlock the basics of the Roth IRA 5-year rule! Know when your earnings are truly tax-free and how to maximize your retirement savings. Start early for a worry-free future! 💰 #RetirementPlanning #FinancialLiteracy #
0:29

Unlock the basics of the Roth IRA 5-year rule! Know when your earnings are truly tax-free and how to maximize your retirement savings. Start early for a worry-free future! 💰 #RetirementPlanning #FinancialLiteracy #

Avatar for InvestNChill
InvestNChill
2
cover for Boost your credit score quickly! Tips to improve your financial health 💰 #MoneyOnMyMind #CreditTips #FinancialFreedom #
1:11

Boost your credit score quickly! Tips to improve your financial health 💰 #MoneyOnMyMind #CreditTips #FinancialFreedom #

Avatar for CentsSavvy
CentsSavvy
4
cover for Is the S&P 500 still a smart move for 2026? Are VTI and VOO truly giving you the diversification you expect? Find out if these popular index funds match their promises! #Investing #Finance #IndexFunds #
0:55

Is the S&P 500 still a smart move for 2026? Are VTI and VOO truly giving you the diversification you expect? Find out if these popular index funds match their promises! #Investing #Finance #IndexFunds #

Avatar for DebtDiva88
DebtDiva88
4
cover for Shared wealth is the key to financial freedom. Let’s grow together! 💸 #MoneyOnMyMind #FinancialGoals #
3:49

Shared wealth is the key to financial freedom. Let’s grow together! 💸 #MoneyOnMyMind #FinancialGoals #

Avatar for InvestNChill
InvestNChill
6
cover for Kick debt to the curb with the simple snowball method! Create your plan, stay motivated, and watch those balances shrink. Use our app to stay on track and tackle debt one step at a time. 💪 #DebtFreeJourney #MoneyTips #DebtSnowb...
0:58

Kick debt to the curb with the simple snowball method! Create your plan, stay motivated, and watch those balances shrink. Use our app to stay on track and tackle debt one step at a time. 💪 #DebtFreeJourney #MoneyTips #DebtSnowb...

Avatar for CentsSavvy
CentsSavvy
2
cover for When Money is all that's on your mind 😆 #MoneyOnMyMind #
0:15

When Money is all that's on your mind 😆 #MoneyOnMyMind #

Avatar for FrugalFox7
FrugalFox7
14
cover for One sentence that instantly stops debt collectors from bothering you. Take control of your credit today! #CreditTips #FinancialFreedom #
0:47

One sentence that instantly stops debt collectors from bothering you. Take control of your credit today! #CreditTips #FinancialFreedom #

Avatar for InvestNChill
InvestNChill
226
cover for Discover 5 Monthly Dividend Stocks to Boost Your Income! 💸📊 #PassiveIncome #DividendInvesting #
1:23

Discover 5 Monthly Dividend Stocks to Boost Your Income! 💸📊 #PassiveIncome #DividendInvesting #

Avatar for CentsSavvy
CentsSavvy
7
cover for Want to improve your financial future? Follow for top investing tips and start building wealth today! 💰 #PersonalFinance #InvestSmart #
0:06

Want to improve your financial future? Follow for top investing tips and start building wealth today! 💰 #PersonalFinance #InvestSmart #

Avatar for BudgetBoss_42
BudgetBoss_42
7
cover for officialbodycam Ep- 9
0:59

officialbodycam Ep- 9

Avatar for BodyCamOfficial
BodyCamOfficial
5.4k
cover for Watch me budget my husband’s paycheck as a stay-at-home mom of two! ❤️ #budget #sahm #moneytok
1:28

Watch me budget my husband’s paycheck as a stay-at-home mom of two! ❤️ #budget #sahm #moneytok

Avatar for Gregory Vaughn
Jambox walnut
20
cover for The surprising secret to financial freedom? Not having kids! Discover how avoiding overconsumption can help you pay off debt faster and achieve financial independence. 💸 #DebtFreeJourney #FinancialFreedom #MoneyTips #
1:44

The surprising secret to financial freedom? Not having kids! Discover how avoiding overconsumption can help you pay off debt faster and achieve financial independence. 💸 #DebtFreeJourney #FinancialFreedom #MoneyTips #

Avatar for BudgetBoss_42
BudgetBoss_42
3
cover for Start with your smallest debt and watch your payments snowball into financial freedom! 💸 #DebtFreeJourney #MoneyTips #FinancialFreedom
0:30

Start with your smallest debt and watch your payments snowball into financial freedom! 💸 #DebtFreeJourney #MoneyTips #FinancialFreedom

Avatar for Ronald Pierce
bantr.tr0lly
4
cover for 5 finance habits of a 38-year-old with 18+ credit cards and a perfect credit score—never paid interest or carried a balance. Discover my secrets! 💳 #FinancialFreedom #CreditTips #
2:16

5 finance habits of a 38-year-old with 18+ credit cards and a perfect credit score—never paid interest or carried a balance. Discover my secrets! 💳 #FinancialFreedom #CreditTips #

Avatar for CentsSavvy
CentsSavvy
0
cover for Frugal truths that sting but save way more than money 💸 #FrugalLiving #BudgetLife #ThrivingNotJustSurviving
0:59

Frugal truths that sting but save way more than money 💸 #FrugalLiving #BudgetLife #ThrivingNotJustSurviving

Avatar for grumpy otter
grmpy.ott3r
3
cover for Credit card companies don’t want you to know this simple trick to break the debt cycle! 💳🚫 #DebtPayoff #MoneySavingTips #CreditCardHack
1:11

Credit card companies don’t want you to know this simple trick to break the debt cycle! 💳🚫 #DebtPayoff #MoneySavingTips #CreditCardHack

Avatar for snarky pirate
snarky_pr8
8