Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I’...

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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.

Robert Kiyosaki

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Robert Kiyosaki

American finance author , investor

April 8th, 1947

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