Bad Debt is Debt that is used for Liabilities

Understand the difference between good and bad debt. Bad debt is debt that is used for liabilities. Again, a liability is anything that takes money out of your pocket. Good debt is debt that is used to purchase assets, which puts money in your pocket. Those who struggle with debt do so because they often make poor financial decisions to purchase things they can't afford. They take on bad debt constantly. My advice is to pay off your bad debt as quickly as possible and to never go into bad debt again. Instead, use your money to purchase assets rather than liabilities. Those assets will allow you to enjoy the finer things in life later on. Unfortunately, most people don't have the self-control or the patience for this.- in mint.com




Rich Dad Poor Dad is the story of Robert Kiyosaki 's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Be careful when you take on Debt

 “Be careful when you take on debt. If you take on debt personally, make sure it is small. If you take on large debt, make sure someone else is paying for it.”


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Don't tell me Student Loans are a good way to learn about Debt

Why "A" Students work for "C" Students
Robert Kiyosaki : Don't tell me student loans are a good way to learn about debt. (Yes, I've heard that before.)


Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏:Learning to use DEBT wisely is the key to Wealth

Robert Kiyosaki ‏: I'd rather get circumcised again then cut up my credit cards. Learning to use debt wisely is the key to wealth.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Rich Woman - Debt

Kim Kiyosaki brings to light the ways how she and Robert got out of "bad" debt. Kim talks about her personal experiences with "bad" debt and how she over came it. This informative segment helps you identify the difference between "good" debt and "bad debt" and will assist you in the development of securing a higher financial IQ.

Robert Kiyosaki Rich Dad on Debt, Inflation, Deflation

Robert Kiyosaki Rich Dad on Debt, Inflation, Deflation - Gold Silver Network Marketing

Good debt vs bad debt

"Get rid of debt," that's Robert kiyosaki main advise , but you have to distinguish between good debt and bad debt :
"If you're financially educated, like my rich dad, you know there's good debt and bad debt. Bad debt makes you poor," Robert Kiyosaki says. "Good debt makes you rich. Today, I'm hundreds of millions of dollars in good debt."
"Good debt puts money in your pocket, and that's the difference," Robert Kiyosaki is a real estate entrepreneur and co-author of "Rich Dad, Poor Dad"