How you can generate money from Debt. Good debt Vs Bad debt.

Debt, We think that owning something especially money from others. Debt is something that people will think that debt is bad but It is not true. Debt can be good also. If you have the financial knowledge than You can make money from a debt.

Then, let's start

Good Debt

Good debt is something that produces capital for you. For example, A get a $5000 from Bank and We decided that I will pay the bank $110 every month. After that, I rent the land to the lender for $125  which I was paid $125 every month and the money that I get from the lender I pay to the bank plus I get $15 in my pocket. It's good debt. If you can get some money to put in the pocket it is fine it is considered as Good debt.

"If you get Debt than make sure that someone is paying your Debt."-RichDad

Good Debt

 Bad Debt

 Bad Debt is simply a debt which takes money from you. It is the debt that all think and take. It is like getting debt and have one stream of income to pay that is a job. Good debt and Bad debt are opposite Good debt will pay your debt and bad debt will not do it. It will take your income for the job. It is done by manly middle and poor class people because they don't have the financial knowledge to generate money.

"You can never have true freedom without financial freedom."-Rich dad

Bad Debt

How to generate income from your debt.

Generating income from a Debt is hard you have to be money conscious. You should have the Right knowledge the financial Knowledge. But I can give you some advice because it is up to you to make the debt money work for you, not the debt money make you work. Just get the debt when you have someone or some extra stream of income to pay for it because I can't say put in real states, stock, and others because it is up to you where you put money and make the money work for you.

"Don't work for money let the money worl for you."-Rich Dad