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This chapter is from the book

Summary

Let’s review some important concepts that will guide you throughout this book:

  • Debt is a tool that, if handled properly, can help you create wealth.
  • “Good” debt can sink you as quickly as “bad” debt; you need to determine your own limits.
  • Mortgage debt is some of the cheapest money you’ll ever find and is usually the last debt you’ll want to pay off.
  • The order in which you should pay off other debt depends on your individual situation and goals—not one-size-fits-all advice.
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