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How the Rich Use Debt to Get Richer: The Untold Truth About Smart Borrowing
Why Debt Isn’t Always Evil — From Real Estate to Hedge Funds, Discover How Debt Becomes a Wealth-Building Weapon in the Hands of the Financially Savvy
Have you heard the phrase:
“Debt is the root of all evil”?
Never get into debt — that is slavery — and that is true to a certain extent. Because when you’re drowning in debt, your life is over.
While you’re trying to pay your debts, your debts are not waiting for you — they’re growing day by day since no one lends money for free. There is always an interest.
Despite all of this, the United States has embraced debt.
Total U.S consumer debt is almost 15 trillion dollars, which brings the average household debt to over $5,300.
The U.S GDP is a little over 21 trillion dollars, which means the entire economy consists out of debt.
Overview
But I have some good news for you — debt isn’t always bad.
That is an unpopular opinion, because most of the debt we have is bad debt.
You…