-
How Debt Can Make You Rich. Good Debt vs Bad Debt.
Reading Time: 4 minutes As said by Robert Kiyosaki “Good debt will make you rich, whereas bad debt will make you poor” Believe it or not, there actually is something called good debt and what you are told by those who say all debt is bad are from those who are simply bad with money. With a little education you can understand the difference between the two. How Good Debt Will Make You Rich Good debt can make you very rich. The rich use debt as leverage. Leverage is using debt to increase the return of an investment. Having a mortgage on a rental property for example, is leverage. This…