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You can become like any one of these millionaires. And for the first step of your journey, you might want to address your debt.
The number one reason why people tell you to get out of debt is because they believe debt is bad—for you.
When it comes to debt, the difference between the rich and poor is understanding the difference between good debt and bad debt.
Bad debt is debt that makes you poorer, such as credit card debt, car loans, and more. This is the type of debt used to buy liabilities. Ironically, this is the debt that those who say debt is bad get rich from by selling to the poor.
Good debt is debt that makes you richer, such as a loan for investment property or to purchase equipment for your business that will make you a return. This is the type of debt that is used to buy assets. The rich use this kind of debt to buy assets or create products that they sell to the poor, who often take out bad debt to buy them. Perhaps you’re seeing how this works?
If you want to learn more, here's a special offer created specifically for people who need a little help with their debt.
Robert Kiyosaki, author of the best-selling personal finance book EVER written—"Rich Dad Poor Dad"—shares four lessons that will completely change how you think about debt and your ability to generate wealth.
These wealth creating strategies are more important today than ever and now is a critical time to change the way you look at money and learn the key strategies you need to apply to your life and your finances.
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