--- title: "Meaning & Key Takeaway of: Rich people always have a certain degree…" description: "\"Rich people always have a certain degree of debt. Apparently it helps to reduce taxes. I'm not so hot on the bean-counting side.\" — Felix Dennis" image: "https://sms4smile.com/quotes/i/16a/felix-dennis-3862_accounting_rich-people-always-have-a-certain-degree_2013268.png" --- # Rich people always have a certain degree of debt… ![“Rich people always have a certain degree of debt. Apparently it helps to reduce taxes. I'm not so hot on the bean-counting side.” quote by Felix Dennis](https://sms4smile.com/quotes/i/16a/felix-dennis-3862_accounting_rich-people-always-have-a-certain-degree_2013268.png) [Download](https://sms4smile.com/quotes/i/16a/felix-dennis-3862_accounting_rich-people-always-have-a-certain-degree_2013268.png) [Open image](https://sms4smile.com/quotes/i/16a/felix-dennis-3862_accounting_rich-people-always-have-a-certain-degree_2013268.png) > “Rich people always have a certain degree of debt. Apparently it helps to reduce taxes. I'm not so hot on the bean-counting side.” [Felix Dennis](https://sms4smile.com/quotes/author/felix-dennis/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Wealthy individuals often use debt strategically to lower tax liabilities. **In simple terms:** Rich people use debt to cut taxes. Key Takeaway Consider using debt wisely for tax planning. Themes finance tax strategy wealth management Mood cautious analytical Type advisory practical When to use this quote - real estate investment - business expansion - personal finance - tax filing Key Concepts leverage tax avoidance financial planning Questions to Reflect On - How can you balance debt benefits with risks? - What tax strategies suit your situation? A Different Perspective Debt can increase financial risk if not managed. ★ ★ ★ ★ ★ No ratings yet [Money](https://sms4smile.com/quotes/about/money/) [People](https://sms4smile.com/quotes/about/people/) [Rich people](https://sms4smile.com/quotes/about/rich-people/) [Taxes](https://sms4smile.com/quotes/about/taxes/) ## Related quotes > [My philosophy is not a bean-counting, accounting 'look at this.' 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And so what we're saying is if we're going to reduce taxes we just want…](https://sms4smile.com/quotes/kevin-yoder/in-the-current-law-we-re-seeing-social-security-dwindle-and-so-what/) [Kevin Yoder](https://sms4smile.com/quotes/author/kevin-yoder/) > [If you behave like a good citizen, and you upgrade and improve your property, your reward will be the government will take more money…](https://sms4smile.com/quotes/jesse-ventura/if-you-behave-like-a-good-citizen-and-you-upgrade-and-improve-your/) [Jesse Ventura](https://sms4smile.com/quotes/author/jesse-ventura/) ## More by Felix Dennis > [I should have liked to get married, but over many decades I have lived essentially alone. I go to sleep when I'm tired, get…](https://sms4smile.com/quotes/felix-dennis/i-should-have-liked-to-get-married-but-over-many-decades-i-have-lived/) [Felix Dennis](https://sms4smile.com/quotes/author/felix-dennis/) > [It's a long, slow sunset for ink-on-paper magazines, but sunsets can produce vast sums of money.](https://sms4smile.com/quotes/felix-dennis/it-s-a-long-slow-sunset-for-ink-on-paper-magazines-but-sunsets-can/) [Felix Dennis](https://sms4smile.com/quotes/author/felix-dennis/) > [I love the business of business; I love the risk raking.](https://sms4smile.com/quotes/felix-dennis/i-love-the-business-of-business-i-love-the-risk-raking/) [Felix Dennis](https://sms4smile.com/quotes/author/felix-dennis/) > [People really do not have time to read all the newspapers in the world and all the sites that we now commonly use on…](https://sms4smile.com/quotes/felix-dennis/people-really-do-not-have-time-to-read-all-the-newspapers-in-the/) [Felix Dennis](https://sms4smile.com/quotes/author/felix-dennis/) > [Fear not. 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