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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Similar ideas to Leveraging Debt Wisely
The real path to wealth is building assets, not increasing labor income:
Credit cards can be a double-edged sword.
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.
If you stay out of debt by paying the total due on t...
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