I believe in growing our wealth defense is often more effective than offense. And a good defensive approach would be not to get too deeply indebted (money or otherwise). Some people say—follow the Golden Rule—”Don’t get into debt at all.” I say, “It depends.” If you read about rich people and how they got there, you would hardly find anyone who did not take on any debt at some time in their career. Their secret is that they take on good debts  only. A good debt  is one where the value of what you bought increases more each year than the interest rate you’re paying. For most people, the only thing that does that is their house or property—sometimes.  For others, they are Assets that put money in one’s pocket; like businesses, shares in businesses (stocks), and properties that are rented out—more often. Every other kind of debt is considered a Liability which takes money ......