Why Being Debt Free Is Bad #debtfree #makemoremarbles #investing #realestateinvesting #creditcard

Are you debt free? Let's look at this whole theory that I have to be debt free. I don't know anyone who's wealthy that's debt free. Because even if you pay off your cards every 30 days, you're never debt free. You might have four cards. You pay off one card per week. Pay off a card week, two, week, three. Card number three, number four. You're always rotating debt using other people's money. The right way is wise. The big principle is to make sure that you have enough money to pay it off. Never spend more than you actually have. Use debt wisely and it'll benefit you. Be be stupid with it and it'll own you. For example, a low interest 30 year fixed mortgage is probably the best debt you'll ever get. While most people are scrambling to pay off their home, I'm going to stretch it out as long as possible because the money I'm paying the house off with will be worth half of what it is now if I just pay it down on time. That's how you get inflation to work for you. You borrow now and pay back later with dollars that are worth less as a function of purchasing power. Real dollars now, nominal dollars later. Join me here for more.