The rich understand the difference between good debt and bad debt from "summary" of Rich Dad's Conspiracy of the Rich by Robert T. Kiyosaki
The wealthy have a unique understanding when it comes to debt. They know that not all debt is created equal. To them, debt can be a powerful tool if used wisely. Good debt can be leveraged to create wealth and achieve financial freedom, while bad debt can lead to financial ruin. Good debt is seen as an investment in one's future. It is used to acquire assets that have the potential to generate income or appreciate in value over time. This could include investments in real estate, stocks, or starting a business. The wealthy understand that good debt can help them build wealth and secure their financial future.
On the other hand, bad debt is used to...
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