In this video I will be explaining in detail how you can benefit from DEBT, yes you read that right, DEBT. There are different ways that you can benefit from debt if you actually know the types of debt that there are out there. Many people think that ALL debt are bad, in a way it is true but depending how you use said debt that's where you will get the benefits from and be able to get rich. My #1 recommendation for a FULL TIME income online:
👉👉
⭐⭐⭐HOW CAN YOU BENEFIT FROM DEBT?⭐⭐⭐
So there is no easy way to get rich overnight since everything takes time, patience and knowledge but with the right tools you can benefit from the things that we are taught that is "bad".
There are two types of debt, GOOD DEBT and BAD DEBT, one will make you money and the other one will actually make you lose money, a easy way to understand it is: one puts money in your pocket and the other one takes money away from your pocket (a saying that I have heard Robert Kiyosaki say a lot).
Good debt will actually be generating you cashflow and putting money in your pocket every month regardless if you work or not. Cashflow is something really important that everyone should strive since cash flow is king (a saying from Grant Cardone).
Bad debt in simple terms will take money out of your pocket and you will receive no cash flow whatsoever, so it means that if you stop working this type of debt will just devour you little by little and not knowing how to make on time payments you will just spiral out of control and lose more than just the debt (family, friends, relationships etc)
Examples of Good Debt:
1. Real Estate
2. Credit Cards
3. Student Loan (if you graduate and have a return $$$ significant enough more than the loan that you took out)
Examples of Bad Debt:
1. Your house
2. Car Loan
3. Personal Loan
4. Student Loan (if you graduate and don't have a return $$$ significant enough more than the loan that you took out)
Not all debt is bad, it's how you use that debt that will either make you or destroy you, always keep that in mind. Any debt can be turn from a liability into an asset and the other way around as well, just make sure to have a plan into why is it that you want to get into that debt in the first place then everything else will just fall in place.
💪💪💪“Success starts when excuses stop”💪💪💪
Connect on Facebook:
👉👉
Follow me on Instagram:
👉👉
If you liked this video hit subscribe and like this video for more!!!!
Thanks for watching!!!
⭐⭐⭐SUBSCRIBE FOR MORE AWESOME VIDEOS⭐⭐⭐
SUBSCRIBE➡➡
DISCLAIMER: This video and description may contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for the support!
0 Comments