Everything we purchase can be construed as helping us to make more revenue and income. For instance, buying lunch gives us energy to go back and do 4 more hours of work. However, should lunch be paid for with debt? If the answer is, “No,” then pay cash for lunch. If a car is primarilyContinue reading “ANY DEBT, “GOOD DEBT,” OR “BAD DEBT,” LONG-TERM DEBT OR SHORT-TERM DEBT, SHOULD BE USED TO PURCHASE AN ASSET OR SERVICE WHICH WILL, IN TURN, GENERATE REVENUE OR AN INCOME THAT WILL BE USED TO PAY OFF THAT DEBT, PAY ASSOCIATED OPERATING EXPENSES, AND GENERATE A REVENUE STREAM.”