Three Trump tips on how to take advantage of other people's money for earnings

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President Donald Trump has a lot of money, but he doesn’t use it. Instead, it has a long history of running with investors to finance projects.

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The average American doesn’t have the muscle or money that Trump wields, but some of his monetary measures can still be applied. Read on to learn 3 tactics in which the president used other people’s money to dip into his own fortune.

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In 2013, Trump co-founded the crowdfunding site FundAnything.com. Similar to Kickstarter, the company was designed as a way for individuals and groups to create campaigns to raise money for anything. For example, Penn Jillette of Penn and Teller and Adam Corolla each ran a successful $1 million movie campaign to fund their films “Director’s Cut” and “Road Hard,” respectively, EINPresswire reported.

Trump also chose projects on the site to fund them, according to the news release. The site appears to be out of service.

You may not have the budget or inclination to start your own crowdfunding site, however, you can use sites like Kickget Starter or GoFundMe to request contributions for your own projects.

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As of Jan. 23, 2025, Trump’s net is $5. 9 billion, according to Forbes. However, he took out many personal loans to finance projects. For example, more than two decades, starting in 1998, Deutsche Bank lent him more than $2 billion, according to the New York Times magazine.

If you decide in this way, the terms of all the loans that you hire and be certain that you can reimburse the debt. If you use the borrowed budget wisely, it could eventually do more than you need, but do not take more than you can to reimburse if you do not end with a profit.

Trump will not borrow, and he said it himself. In an “CBS This Morning” interview with Norah O’Donnell, he explained his debt position.

He said: “I am the king of debt . . . I made my fortune debt, and if things are not painted, I will renegotiate the debt.

When asked by O’Donnell how he repaid the debt, he explained, “You stop coming back and say, ‘Hey, guess what, the economy crashed. ‘I’ll give you back some of it.

While Trump may have leverage the average person doesn’t, this strategy could be worth a try. Contact your creditors to discuss terms — you could negotiate better repayment terms, a lower interest rate or even a lower balance.

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This article was first published on GoBankingrates. com: 3 Tips You Can Glean From Trump on How to Leverage the Credit of Others to Your Advantage.

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Three Trump tips on how to take advantage of other people’s money for earnings

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