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Debt can be a strategic advantage when used wisely from "summary" of Why the Rich Are Getting Richer by Robert T. Kiyosaki,Tom Wheelwright
Using borrowed money effectively transforms liabilities into powerful tools for wealth creation. When managed intelligently, debt can enable investment in assets that generate cash flow, such as real estate or businesses, rather than mere consumption. This strategy separates the financially savvy from those who merely accumulate debt without purpose. Understanding the difference between good debt and bad debt is crucial. Good debt is leveraged to acquire assets that appreciate over time or produce income. For instance, a mortgage on a rental property allows an investor to use someone else’s money to build equity while benefiting from rental income. This approach not only cre...
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