Good Debt and Bad Debt

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Billionaire Grant Cardone Warns ‘If You Want to Get Wealthy, Stop Obsessing Over Cutting Back and Start Obsessing Over Making More’
Yahoo Finance· 2025-09-30 18:00
Core Perspective - Grant Cardone emphasizes the importance of focusing on income growth rather than frugality for achieving wealth, stating that financial independence is created by growth, not restraint [1][4] Investment Philosophy - Cardone advocates for the use of leverage in investing, distinguishing between "bad debt" for consumer goods and "good debt" for financing assets, demonstrating that debt can be a tool for wealth creation [2] - He warns against letting cash sit idle, labeling it as "trash," and encourages investment in income-producing assets instead of traditional savings accounts [4] Branding and Visibility - Cardone highlights the significance of visibility and personal branding in achieving financial success, asserting that recognition is essential for attracting wealth [3]