Way too many people view debt as something bad or evil. Their ultimate financial goal is to become completely debt free, and they spend a huge chunk of their lives paying off everything they owe. The problem is, a debt free life does not pay you; it doesn’t enable you to retire, it can’t pay for your vacations, and it won’t give you the ability to buy the things you want. Living debt free gives you a small level of security, but it doesn’t give you freedom—your money will run out eventually. Kris Krohn breaks down the importance of having a residual income that comes in every month, whether you’re working or not. There is an upgraded plan that goes beyond living debt free and enables you to have true financial security.
