Achieve freedom from bad debt
There’s good debt...and then there’s bad debt. Good debt makes you rich. Bad debt makes you poor. More specifically, good debt is debt on which someone else makes your payments, and bad debt is debt you pay for. An example of good debt then is a loan on a rental property where your tenant pays rent and the rent covers your mortgage and expenses. This puts money in your pocket. Examples of bad debt would be a car loan or the mortgage payment for your home. These take money out of your pocket.
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