The Worst Ways to Borrow Money — and What to Do Instead

This story originally appeared on The Penny Hoarder. A scam. That’s what financial writer Robert Kiyosaki calls the common advice to get out of debt. Of course, he’s not in favor of bigger credit card balances. He advises borrowing to buy wealth-building assets, like a rental property. Many financial experts make a distinction between “bad” and “good debt,” the latter referring to investment and…

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