Not all debt is bad debt! The simple explanation of debt is good debt puts money in your pocket, and bad debt takes money out of your pocket.
Most people get in trouble with acquiring liabilities through bad debt. Here are examples of how people use debt.
Bad debt examples:
• Loans for liabilities
• Car
• Vacation
Good debt Examples:
• REAL ESTATE (My favorite)
• Purchasing businesses
• An asset that will cashflow
Follow me to learn how to use good debt to leverage real estate!
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