Leveraging Debt Wisely - Deepstash

Leveraging Debt Wisely

Not all debt is bad. Used wisely, it can help you grow your wealth. 

Action: 

Learn the difference between good debt (that creates value) and bad debt (that costs you money) and leverage good debt to invest in assets.

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The Wealthy Code is a stepping stone towards financial enlightenment and wealth. Implementing these ideas can set you on a path to achieving financial freedom and joining the ranks of the wealthy

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8. Paying Off Bad Debt

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Credit cards can be a double-edged sword.

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The trickiest form of debt, which is literally bleeding our finances, is the credit card debt. Make sure you know what the interest rate being charged is. Know that a 2% interest rate per month is actually 24% per annum.

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