Think you cannot pay your debt? Check this formula now

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Think you cannot pay your debt? Check this formula now

A lot more people have become swallowed up by debt. You've probably read as well as heard lots of the statistics and also news stories.

The magic formula to financial independence is to eliminate your bad debt and get good debt. Bad debt makes you poor, like credit card debt, auto loans, school loans – these are consumer debt. However, good debt is debt you obtain that works well for you. The very best illustration of good debt is the mortgage loan on the rental property that kicks off good cash flow each month. Good debt is cash you lend to buy assets that places money inside your wallet.

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