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Permalink Reply by Veasna Hash on December 7, 2009 at 12:04pm

For my idea, I think that:
Good Debt mean we know how to repay back and pay on time.
Bad Debt mean that we do not know how to repay and it is hard to find way to repay on time when it come due.
It that correct? or you have any other meanings about debt. Please share.

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Permalink Reply by Huon Hok on December 11, 2009 at 8:50am

Talking about debt oop!

Most of us when hearing the word debt, we feel scare and get away from it. I can say this is poor! For me debt is the opportunity to be come rich and expand our business bigger and bigger. The high debt you have the opportunity you will get. You can see tycoon Kith Meng, he is very rich but he still need to have loan USD1000M.

Bad debt wise, in short, like you get loan from the bank to buyer a car. This mean you use your debt to buy get more debt, poor! And another way, you get loan from the bank to buy a house that does not generate you any income

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Permalink Reply by Herbalife Cambodia on December 12, 2009 at 11:44pm

Mr. Hok, Great to hear this and proof you understood more about debt. Debt-skill is about knowledge of leverage. Financial Mastery is knowledge for financial future.

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