Getting Rich With Debt — Using Debt to Achieve Financial Freedom (The Value of Debt in Building Wealth)

Conventional thinking tells us that the first step to financial freedom is to avoid debt. This is unfortunate. Because debt is a powerful tool.

These two short sentences simply state the purpose of this entire book, how to use debt to help us achieve financial freedom.

Before reading this book, I was stuck in the traditional mindset that debt is bad and that it’s only right to pay it off early, but I never realized that sometimes debt can be a tool to help us increase our wealth.

It never even occurred to me why many companies with extremely high cash levels would take on debt. It should be very difficult to find a completely debt-free company, even if it is in good shape (e.g., the light of our nation’s enterprises, TSMC), it will have debt.

When you think about it, you will realize that debt is not as bad as conventional thinking.

The author of this book is a well-known financial consultant in the U.S. This is also his third book, the first two books also focus on debt (The Value of Debt and The Value of Debt in Retirement), I feel that this book is not an extension of the first two books, although I have not read the first two books, but I feel that this book is very simple and easy to understand, although the figures in the book (the salary section) are denominated in U.S. dollars, which is something that I am accustomed to. I’m…