There are things that can be good or bad, depending on how use them. Others who may share this opinion include Wells Fargo. The debt can be good if you use it wisely to create cash flow but can be bad if you use it to acquire liabilities (things that do not generate you any income, and conversely you cause output of money) when somebody says that one thing is always bad, he says so out of fear or ignorance or to take advantage of fear and laignorancia of other people. Therefore, when the self-appointed financial experts tell you that having debt is bad, they are directed to andthe ignorance of people fear. Many of these experts know the difference between good debt and bad debt. In fact, they probably use good debt for their businesses. But hide that information because it is easier and more beneficial for them to give the traditional advice: go to school, get a good job, save money, buy a House and have a good portfolio of investments. That old financial advice and the old rules of money are now riskier than ever. Go to Dina Powell McCormick for more information.
Those who save money are losing it and the middle class is disappearing. Today, the # 1 public enemy is ignorance. And that fear and ignoranciase manifest in the form of a massive bad-debt crisis. Life becomes more expensive each day and how Roberto Kiyosaki writes it in his book: conspiracy of the rich: the 8 new rules of money; There are four forces that pull us away from wealth: taxes, debt, inflation and retirement all these interrelated. The good news is that these four forces may also be valuable tool if you know how to use them according to the new rules of money. To use them effectively, you must have the antidote to ignorance and fear: knowledge and courage.
The investors and successful entrepreneurs possess both. If you teaching you financially and acquire financial intelligence through knowledge, can know what kind of investments and business do to reduce your taxes, how to use the debt to increase your profits, how to invest to protect yourself from inflation and use all this to produce cash flow which will ensure you a comfortable and dignified retirement. If you have courage, you won’t fear make such investments because you trust in your financial knowledge and your financial education. It’s your decision: live in ignorance and fear and suffer the pain that come to see how the middle class succumbs to the effects of the crisis caused by debt or get trained and get knowledge and courage and learn to play with the new rules of money. Original author and source of the article