In 1985, Kim and I were homeless.
Sleeping in a beat-up Toyota. Our credit cards maxed out. Our clothes in the back seat.
My poor dad's voice echoed in my head: "You can't do this. You need a good job. You need security."
Four years later we were millionaires.
Not because we found money lying around.
Because we learned the difference between two types of debt.
One destroys wealth. One creates wealth.
Most people can't tell the difference.
That's why they die broke even though they followed all the "safe" advice.
Let me show you what I mean...
Bad Debt = Debt YOU Pay
In 2008, millions pulled $100,000 from their homes at 6%. Banks loved it. Financial advisors said "you deserve it."
They bought boats. Paid off credit cards. Took dream vacations.
Here's what happened next:
The vacation ended. The credit cards got maxed out again. The boat sat in the driveway costing $300/month.
But that $600/month payment on the home equity loan? It kept coming.
Every single month. For 30 years.
When the market crashed, their equity evaporated. Their jobs disappeared.
But the $600/month payment didn't stop.
Millions lost their homes. Not because they were stupid.
Because nobody taught them the difference between good debt and bad debt.
That's bad debt. It takes money from you every month while producing zero income.
Good Debt = Debt SOMEONE ELSE Pays
Now let me show you what the financially educated did with that same $100,000...
Pull $100,000 from your home equity at 6%. Same $600/month cost.
But buy rental properties that generate $1,500/month after ALL expenses.
Your tenant pays the $600 loan payment for you.
You pocket $900/month in pure cash flow.
That's good debt. Someone else pays it while you collect the profits.
Same $100,000. Same interest rate. Completely different outcome.
The difference isn't the debt. It's what you DO with the debt.
Your equity is either dying in your house earning 0%...
...or it's working in assets earning 12%+ while someone else pays off the loan.
Most people choose safety. They let $200,000 sit dead while they work 40 years.
The rich choose cash flow. They use that same $200,000 to generate $2,000+ per month TODAY.
Think about this:
If you had pulled $100,000 ten years ago and bought cash-flowing real estate, you would have collected $108,000 in cash flow WHILE your tenant paid off the $100,000 loan.
You'd be $208,000 richer today.
But you didn't. Because someone told you "debt is dangerous."
And they were right... if you're financially uneducated.
But when Kim and I were homeless with maxed-out credit cards, we didn't have the luxury of "being safe."
We had to learn how debt actually works.
That education changed everything.
Every year you wait, the gap gets wider.
While you're "being safe," your financially educated neighbors are generating thousands per month.
Which side are you on?
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