http://www.destroydebt.com/blogs/surfville.html Good Debt and Bad Debt www.destroydebt.com Fri, 07 Dec 2007 12:44:11 GMT webmaster@destroydebt.com webmaster@destroydebt.com http://www.destroydebt.com/blogs/surfville/65-know-the-difference-of-asset-and-liability.html http://www.destroydebt.com/blogs/surfville/65-know-the-difference-of-asset-and-liability.html Fri, 07 Dec 2007 12:44:11 GMT The most important knowledge if you want to stay out of the rat race and stay out debt forever, Is knowing the difference of asset and liabilities. This is simple i might not even take a 500 word to tell this secret of the rich. Asset - Is something that puts money in the Pocket. Ex, Trust Funds, ... This is simple i might not even take a 500 word to tell this secret of the rich.

Asset - Is something that puts money in the Pocket. Ex, Trust Funds, Investment, Paper Assets, Business, Real Estate properties.

Liabilities - Something that takes out the money in your pocket. Many will dis agree, i know but this is the truth. Ex, Appliances, Car, HOUSE, many people will hey! the says my house is my asset? i tell you they don't know a thing about it. A house eats money, electricity, Water bills, etc. And as the definition says something that take out money.

regular people live pay check by pay check i see most of them get there money, pay bills, and that is it no more left for anything sometimes it is not even sufficient and buying things like clothes is not gonna happen.

This is a Poor persons activity.

Pay Check
1. Pay Bills
2. Buy basic Needs
3. Invests???

Sometimes the number three is omitted.

Here is a Rich person does.

Income from assets or businesses

1. Invest in assets
2. Buy Basic Needs
3. Pay bills.

See how rich people gets richer? they invest back profit and we know money makes money.
This is simple if we are to apply it in our daily life, maybe all people will never had money problems,
As i said in some of my post i am a rich dad enthusiast and this tips are all learned form him. I applied this strategy even i was still studying in college before and did manage to finish school by myself and even get to have some cash as a start up capital to a good business that i run now. And also applied the good debt method.

All of this is doable if we just keep an open mind, see there are no rich people who is a employee? i am not against it but if money is your problem and wealth is what you want, then working for someone is not the right way for you. Have you noticed? all of the rich persons do have business and tons of assets they didn't steal those, they worked for those, they had the skills to do it, that is never learned in school. Open mind is very important. if what you keep on doing now don't seem to solve problems specially monay matters then, there might be something wrong to what you are doing? make this article in to consideration and look around you? things is passing by fast. Do something, start by learning this simple lesson.

Assets vs liability this is very simple. simple enough for a grade school to understand because they have open minds. I know you could do better maybe you are here because you think you need something to change, You are getting information here for a purpose. I tell you again, look around and see those things that you want that you don't have now? why they have those and you didn't? are doing the same thing? maybe not? why can't you do those? maybe you can? you just needed to take action and start.  Don't believed in the saying that ou will never be rich, you can if you want it to and take action. Debt is forever be vanished in your nightmares if you take steps now. Time is gold.]]> http://www.destroydebt.com/blogs/surfville/36-make-money-online-and-get-out-of-debt.html http://www.destroydebt.com/blogs/surfville/36-make-money-online-and-get-out-of-debt.html Thu, 29 Nov 2007 04:18:07 GMT making money online is not easy as 123 but i tell you this beats having a regular job and working for some. Here are some of the advantages you have your own time, you can choose the category of money making you would want and it is fun. But the hard side is making money online is not for all. Only ...
How to make money? there are many ways to make money online. Just access your skills, If you are good in writing and could construct decent sentences not like those people who make crappy lines. Then you could do article writing. A nice work because there are many webmaster out there that dont have the time to write one for there site. You might call this Job as freelancing.

If you do have a great deigning skills and lots of experience in Photoshop you might as well render a banner design and other designing service. I could see lots of people who does needs this. And some earn quite a big amount of money in it.

If you want to have something for you own then you might want to blog and monetize it with ads, contextual ads like those of google adsense. Those are the real money makers, but you will need skills in SEO and traffic building in this one. But it pays i even see someone earns 1000$ a day in adsense alone.

If you want to add income in adsense then you could also add some affiliate products in it. this could lead to more potential earnings as long as you know how to target your niche and customers.

Next would be an online store or trade in ebay. i tell ways to earn money online is limitless you just got to find what suites you best? i may not make much online as my freelance makes me 320$ in 3 days sometimes lower ,sometimes higher. But i stll make money on blogs so over all i only spend like 5 to 8 hours a day and it works. I guess that beats doing whole day jobs with out the opportunity to fool around and enjoy what you and still make good cash.

Making money online could be your way to get out of debt and the rat race.]]> http://www.destroydebt.com/blogs/surfville/22-good-debt-and-bad-debt.html http://www.destroydebt.com/blogs/surfville/22-good-debt-and-bad-debt.html Sun, 25 Nov 2007 04:53:52 GMT I’m very much a rich dad advocate, I did learn my lesson from him and I tell you never ever be afraid of running into a loan, once again as long as you have a sound plan and know that you could pay it back and profit form it, never hesitate to take one. Sometime playing it safe will not get you ...
Debt

There two categories of debt, A good one and a bad one. Ok we got the norm that having debt is not a great idea at all? But I tell you no person who became rich that didn’t loan something; of course it should be a good one to be successful.  A good debt is a loan used not to pay for other debts but to make it grow and the profit is the one you will use to pay the old debts.

How to do it?

You will need a business plan that would work I tell you every business is successful it only depends on the owner to make it happen. As long as you know how to manage a good positive cash flow. Don’t be shy if you do get in a financial position where you need to borrow money, as I told you every ones does and every one needs it without you taking action of loaning you won’t get started and waste precious time. Money creates money, And ideas creates wealth.

Debt good debt should be a way to get put of bad debt, Positive cash flow creates profit. Ok you ask me, what is positive cash flow? Simple your expense should be lower than what you earn in that way you will not be in trouble all the time. Does it make sense? If you are just starting a venture never use what it earns for personal matters better invest it in to make it stable, those things create a business. So when you have an idea and needs to loan and your plans seems right? Go don’t be afraid to get one. Consider that as a good debt.]]>