The Difference Between Rich Debt & Broke Debt

Hinzugefügt: 2026-05-28

[00:00:00]there is a good debt, and there is a bad debt. The bad debt that would be the credit cards when you're using the credit cards to fuel your lifestyle. So, if like you're using the credit card to pay for the bags, shoes, clothes, food, vacation, uh and then you just catch yourself paying over for that vacation over like a next 12 24 months with all these credit card charges. So, that's definitely bad debt. But, there is a good debts which you can actually use and help you to create this passive income. And the good debt that would be when you're buying a real estate property and you're taking a mortgage, uh or when you're taking a debt to uh buy an equipment, or when you're taking a debt to purchase a business, or to expand your business.

[00:00:44]So, this is all uh ways to you leverage the money and use this debt to create passive income.