I like to earn more income.
Even though I really enjoy Independent Film, when it comes to hearing about income, I’m all ears.
“Debt is Bad” is the trickiest of all the Myths.
If you rack up $50,000 of credit card debt buying stuff that does not make you money then you’re like most people; poor and getting poorer. That’s bad debt. If you ever hope to become a rich millionaire, you must stop accumulating bad debt completely.
However, if you borrow a million dollars to buy a two million dollar apartment building, and that apartment building makes money for you every month for the rest of your life, then that’s good debt.
Rich people use massive amounts of debt to buy millions, tens of millions, or even hundreds of millions of dollars in assets that make them richer and richer.
Billionaires can never become as rich as they are unless they use massive amounts of good debt. Debt is a wonderful thing when you understand how to use it to make you rich.
Once you understand the formula for becoming a millionaire and creating good debt, don’t ever again be afraid of borrowing money.
Paul McCormick really is an expert on Earn Millionaire Income and that is why I love reading his articles.
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