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Understanding Good & Bad Debt.
'You have to spend money to make money'...
'Investment debt is good debt'...
'It's OK to lose money because you save tax'...
All of these are popular phrases.
And all of them will send you broke.
Because there's no such things as Good Debt and Bad Debt, only Income Producing Debt and Income Stealing Debt.
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By Andrew Logan
5
1212 ratings
'You have to spend money to make money'...
'Investment debt is good debt'...
'It's OK to lose money because you save tax'...
All of these are popular phrases.
And all of them will send you broke.
Because there's no such things as Good Debt and Bad Debt, only Income Producing Debt and Income Stealing Debt.
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