It's time to start thinking differently about money and debt and start the healing process - and the process toward wealth and freedom. 'Freedom from Bad Debt' can get you started.
Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I'm the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.
Good debt is a powerful tool, but bad debt can kill you.
I'm not a Republican or a Democrat, but George Bush has just put us so greatly into debt; now Obama's going to make it even worse. So, it's basically highway robbery, and I think it's a tragedy.
In most cases, when people make more money, they get deeper in debt. This is why money alone does not make you rich.
Once again, the 90/10 rule of money applies - 10% of the borrowers in the world use debt to get richer - 90% use debt to get poorer.
Be careful when you take on debt. If you take on debt personally, make sure it is small. If you take on large debt, make sure someone else is paying for it.