Debt Story #27

Like most people I was not taught anything about money management at school. Like most I was taught to get good grades at school, get a good job that pays well, save money put aside money into a pension, invest in unit trusts and hope for the best! The reason is because the goverment (also any past or future government) and the banks want us to spend over our limit so we can pay back shed loads of interest to keep bankers families in private education and country homes. Wake up and get a copy of "Increase your Financial IQ" by Robert Kiyosaki. I am self-employed and working to get rid of my bad debt. Bad debt is debt that does not give me any positive cash flow. The next time I go to a bank for a loan it will be to make the bank take all risk and make me richer from the cash flow i'll get from the investment. Oh by the way if you still hooked on saving money in a building society or bank, just remember Mervyn King has recently repeatly devalued every pound of your savings and earnings by printing shed loads of phoney money that we will have to pay back in taxes.