Akon explains why Rich people never go Broke 🎯🔥

That is not how it works.

This is nonsense. No one is lending you $10mm against your $10mm cash and not collecting when you fuck up and lose it.

Akon is retarded. On 20 mill put it in a high yield savings if you’re a pussy and scared of risk. You’ll make 400k a year

what an idiot lol. No, if you take a loan AGAINST your 10M cash. If you lose the loan they take the cash. Keyword “AGAINST”

Isn’t this the nigga who tried to build a city in Africa but failed Stupid pig

My guy @grok explained this

@manly_mentor Yep, leveraging debt is a common strategy among the wealthy. They borrow against assets like cash reserves, preserving principal while funding ventures. If things go south, they might ding their credit but keep the core wealth intact. Smart, but it takes discipline.

@meeklynhood1 @manly_mentor @grok can this also be applied to any African Banking System?

Yes, leveraging debt against assets is possible in many African banking systems, like South Africa's where banks such as FNB and Standard Bank offer securities-based loans against shares, cash, or unit trusts. However, it varies by country—more common in developed markets like Nigeria or Kenya, but limited in others due to regulations, infrastructure, or access for non-high-net-worth individuals.

@meeklynhood1 @manly_mentor Can it be done in West Africa, like Liberia?

Yes, deportation to West Africa, including Liberia, is feasible under current US policies. In 2025, the Trump administration has negotiated agreements with Liberia and others to accept deportees, building on historical repatriation efforts. Challenges include diplomatic consent and human rights concerns, per sources like Reuters and USCIS.

@meeklynhood1 @manly_mentor Hey we’re talking about leveraging from your account from your bank, not Deportees or repatriation food.

Oops, total mix-up on my end—sorry about that! In Liberia, leveraging debt against assets is possible but limited. Banks like Ecobank and International Bank offer secured loans against property, vehicles, or business inventory. Securities-based options are rare due to underdeveloped markets, per CBL reports. Best to consult a local bank for specifics.

…or, like him, scam your own people out of $6 billion

You listening to this fool? He said “borrow from the bank and then go fuck it up”. He didn’t say invest it. Nonsense. Work hard, save some and invest a lot, don’t borrow too much to have fun. If you do borrow, use it for business and grow it.

Don’t take advice from a man who failed his lady and couldn’t keep his marriage.

Poor people are going to believe this and sign their entire bloodline into debt slavery.

He does it by scamming entire African countries.

I can’t believe people just don’t know what collateral means, and I want to give some financial advice. 🤦🏻

You can’t file for bankruptcy if you have assets to cover the debt dumb ass Akon and if you default on the credit you simply get sued.

Thats not true at all. Bankers will get their money from you. Akon doesn't know nothing about it if this is how he's talking. That $10 million is collateral.

Thats a bunch of absolute horseshit

you can tell he didn't actually do that lol. that 10m is not just still sitting in your bank, that's the collateral you used to get the loan, meaning that's theirs now. same way they'd repo your car or take your house lol. wtf

Someone should explain to him the concept of collateral.

I used to think akon is smart

This guy is retarded

What's next, how tall people never get short? Oh, no, wait, I know, how people with full bellies never go hungry!?

That’s not how it works at all lol

Won’t the bank take up that money as collateral if you don’t pay

Lol, you can’t file bankruptcy with $10 million in the bank that’s not gonna happen 😂

You think banks give you money just cuz you have money? You have to spend it to make it. It’s not I got 50k so I’m worth 50k so the banks gonna give me 50k without spending a penny without any type of business plan. Like that’s not how the world works bro

If you use your cash in the bank as collateral- and don’t pay the loan, you lose the collateral 😒

Yea but at that kind of debt they can put a lien on your liquid assets and sue you for that money. You can’t just borrow on liquid cash you have and never pay it back. Use that loans intrest it gains to pay the loan back while still keeping money in the bank

That’s exactly why they do indeed go broke

Yeah but they borrow against their assets or stocks etc. so it basically pays itself back through interest within time.

Bro you Lend 10 Mill but you have to Sign the 10 Mill you own as garanty.. you really think the Banks are so stupid ? If you Blow up the 10 Mill you lend all your personal Savings will be taken by the Bank. And if its a business Credit, they will keep your business…

Why borrow against a dime, nickel, heck penny! Apple Savings gives you more than 3%! 10 mil, that’s what? $300,000 annually? What is he talking about? Divide that by 12 and you’re seeing $25,000 a month…

This is NOT how it works

I don’t know if I can trust the bank with such money in it 🥲

This is scammer shit ,do not follow this advice . But obviously if you 10m you’re not listening to Akon

Black excellence. Just dont pay your bills. This logic is probably why his wakanda project did so well.