Rich Dad’s Guide to Becoming Rich Without Cutting Up Your Credit Cards: Turn “Bad Debt” into “Good Debt”

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There are ?financial experts” who advise people to take out their credits cards and cut them up. And that may be a good plan for someone who is financially irresponsible, it’s not great advice for someone who wants to build wealth and become financially free. Cutting up your credit cards won’t make you rich; learning to leverage and manage debt will.

If a person has a solid financial education they will know that there are two kinds of debt: good debt and bad debt. A person who understands debt will know how to use good debt to make them richer faster. And when we take control and learn to manage bad debt, seeing it for what it is and understanding the toll it can take if abused, we are on the road to financial freedom.

Learn how to make your money work hard for you? instead of you working hard for money all your life. Understanding debt and how to use and leverage it is an important first step.

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Comments

Justin Belkin says:

Guide to Becoming Rich — Book Summary Kiyosaki wrote this book as the eighth installment of his Rich Dad Series. The book serves to constantly remind us that the key to increasing our chances of becoming wealthy requires the willingness to the pay the price. Discussing all the get rich schemes, such as game shows or playing the lottery, Kiyosaki writes, “There are better ways to become rich, with much better odds, but most people are not willing to pay the price” (x). The price to pay is the time and money you spend investing in…

Erik Nielsen says:

Don’t waste your time or money on this… 0

Clifford Lynn says:

Inspirational, Smart and Easy to read. This is the second book I’ve read by Robert Kiyosaki. (Rich Dad, Poor Dad was the other book I’ve read). The ideas in the book are so valuable that it amazes me when people saw me read the book they would make comments on how the author is scamming people, making money on false hopes. I asked these people, and there were quite a few, if they read any of the author’s books. Of course the answer was always a ‘no’. I got the book out of the library, in hopes to build ideas. How are you going…

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