Publish: Published December 1st 2003 by Business Plus (first published November 1st 2000)
ISBN: ISBN 0446697524 (ISBN13: 9780446697521)
There are “financial experts” who advise people to take out their credits cards and cut them up. And that may be a good plan for someone who is financially irresponsible, it’s not great advice for someone who wants to build wealth and become financially free. Cutting up your credit cards won’t make you rich; learning to leverage and manage debt will.
If a person has a solid financial education they will know that there are two kinds of debt: good debt and bad debt. A person who understands debt will know how to use good debt to make them richer faster. And when we take control and learn to manage bad debt, seeing it for what it is and understanding the toll it can take if abused, we are on the road to financial freedom.
Learn how to make your money work hard for you… instead of you working hard for money all your life. Understanding debt and how to use and leverage it is an important first step.
Some Reviews: 714 ratings 62 reviews in Goodreads.com
Very good advice and ideas in this book. If you like the style of Robert Kiyosaki books, you will also enjoy this book. It’s not even necessary that you know his other books (i.e. Rich Dad, Poor Dad) to enjoy this one. Every books speaks for itself and if you are open to his advice, you can certainly learn a lot from this great author. Can highly recommend this book.
As always, Kiyosaki delivers pertinent information in a relatable format. I hang on his every word. While not always agreeing with his views, I believe in the power of what he shares and am eager to apply it to my life.
Debt made simpleMy wife and I were at a crossroads, focus on eliminating credit card debt or use savings to invest. We want to grow and have a better future. This book helped us make our decision by giving us basic debt education.