How to build and maintain wealth
Liquidate all bad debt and become debt-free. Start paying off all loans and credit card debts now. If you’re in a hole, stop digging and get out. Debt reduces your monthly cash flow. When you have payments, you lose control of your income. The bank owns a part of it, and you are thus a slave to them. Once you are debt-free, you regain control of your most powerful wealth-building tool, which is your income....