Tuesday, October 17, 2006

Unlock a secret about personal debt

Did you know there is good debt and bad debt? Can you tell the difference?

I'm not talking about getting a quick loan online or a few bucks payday advance from the guy in the black SUV... I mean there is debt that is bad for your financial health and debt that can help you create financial wealth!

Read the linked article for the whole story, but you need to work out if your debt is creating income for you or not. Know that the loans you have either make you an employee of the lender or are paid for by others.

It is pretty easy to see which type of debt is good -- and which is bad!

I'll leave you with a quote:
"People who cannot control their cash flow work for those that can." -- Robert Kiyosaki

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