all debts are bad.
By hindichinese
@hindichinese (748)
Philippines
July 23, 2008 8:29am CST
The right belief is that there's such a thing as good debt.
Bad debt is debt that takes money out of your pocket. While Good debts is debt that puts money into your pocket.
1 response
@kingcrapper (1536)
• United States
23 Jul 08
It is interesting to run into someone with the same ideas on debt. Using a credit card will lead one into a debt. The question is: is it a good debt or bad? The former would be buying something that you know you can turn around and sell for more the next day. The latter would be a meal at a McDonald's for youself. The former will generate money. The latter will lose you money.
This is second post I have run into you and your topics are very much like my own. Would you mind if I added you as a friend? Where are you from?
@hindichinese (748)
• Philippines
23 Jul 08
Yes sir, I have already send you a request. Thanks for the response. I just got that idea when i read an old book from my aunts house. Try to check my blog and you can find it their. The secrets of the rich people. Thanks again sir.
