I used to believe debt was the enemy, just like most people I knew. I thought the only way to breathe again was to pay everything off. But I discovered a powerful truth: the problem isn't debt itself, but how you use it. I learned the hard way, drowning in $80,000 of bad debt after a tough divorce and repossessions. But then, everything clicked. Instead of paying off those bad debts, I used what little I had to invest in a duplex. That duplex's income helped me pay off the bad debt and then fueled a chain reaction, leading me to triplexes, mobile home parks, and apartment complexes. Now, I'm not just debt-free; I'm financially free, with assets that pay me even when I'm sleeping. This isn't just about money; it's about rewriting your mindset and flipping fear into fuel.
Good Debt vs. Bad Debt: There's a crucial distinction between debt that drains you (like high-interest credit cards on depreciating assets) and debt that builds wealth (like loans for income-producing real estate).
Leverage for Freedom: Strategic use of debt, or leverage, allows you to control significant assets and generate passive income, accelerating your path to financial freedom far faster than trying to save your way there.
What's one belief about money or debt that you're ready to challenge to unlock your financial freedom?
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