Good Debt vs. Bad Debt. Knowing the difference between the two is important so you can increase your financial intelligence and free yourself from any financial tie-downs. It’s essential to leverage the access you have to money in a Good way.
Here are some key points:
1) Good Debt makes you Rich, Bad Debt makes you Poor.
2) Good Debt puts money IN your pocket, Bad Debt takes money OUT of your pocket
3) Good Debt is a money leveraged to buy rental properties/business’, Bad Debt is money leveraged to buy your primary residence/Big Screen TV/Car
4) Good Debt is your ticket to freedom, Bad Debt is your ball and chain for life.
If you have questions or would like to learn more about good debt vs. bad debt, submit a comment below or feel free to contact me.
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