Some call themselves “financial experts” who encourage people to get their credit cards out of their wallets and tear them up. And while that can be a decent strategy for someone who is financially reckless, it is not good to advise someone who wants to accumulate money and become financially independent in the future.

Cutting up your credit cards and throwing them away won’t make you rich; what will make you affluent is knowing how to leverage and manage debt.

Rich Dad’s Guide to Becoming Rich by Robert T. Kiyosaki [Download pdf Below]

A person with a sound education in financial matters will know that there are two categories of debt: positive and negative. A person with a solid understanding of debt will know how to make themselves affluent more quickly by using excellent debt.


And when we take charge of our finances and educate ourselves on how to effectively manage negative debt, acknowledging it for what it is and being aware of the damage it can cause if it is used irresponsibly, we put ourselves on the path toward achieving financial independence.

Figure out how to make your money work hard for you rather than you having to spend your entire life toiling away at earning money. A crucial first step is to gain an understanding of debt, as well as how to use and leverage it.


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