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One lesser-known strategy employed by the wealthy is investing in insurance. For instance, Wimbledon spent millions on pandemic insurance, resulting in a payout far exceeding their premiums amid COVID-19. This highlights the strategic foresight often exhibited by wealthy individuals.
Low-Interest Loans
During recessions, banks reduce interest rates to attract new business. Wealthy individuals, with their strong credit standing, can leverage low-rate loans to finance further investments, strengthening their financial foothold during turbulent times.