You were probably taught by your parents to get a good education, a good job, buy a home, work really hard and pay off your debt.
But, in my mind, thats not productive use of the equity in your home.
Instead, you should recycle the equity in your home and convert it into productive debt to buy income producing assets.
But before we start delving into all things debt recycling, let’s start out by clarifying the difference between good and bad debt, and how having debt can actually benefit you and set you on the path to financial freedom.
The three types of debt
1. Bad debt: This is debt against assets which depreciate in value. Bad debt generally refers to things like credit card or other consumer de…
Read the full article at: https://au.finance.yahoo.com/news/debt-recycling-how-to-earn-money-from-your-debt-203828943.html
