Can Debt Ever be a Good Thing?

Is there ever a time when debt can be a good thing?

We all hear that we should get rid of debt. Cut up all of your credit cards. Pay cash for everything. If you can't afford it, don't buy it.

Honestly, these are good statements--usually.

Once in a while, you hear about the exception that it's okay to borrow to buy a house. This might be a true statement, but the reasons people often use to support THIS suggestion is laughable, if it weren't for the fact that so many people believed it.

Stockowners, are you getting in position?

My second rule of investing is...Buy it ON SALE! (Get a good price on it.)

Since learning how to manage money, I've learned that it's not important HOW MUCH money you make, it's HOW MUCH YOU KEEP.

This has been invaluable, as this has allowed me to accumulate more money than many of my former coworkers who earned more than me. However, it's not the whole story.

The whole saying should read...

Beginning Investing Tip: Use Play Money

When you first begin trying to learn the stock market, don't use real money--use "Play Money."

Like anything else, you need to practice before you stop being rotten. You definitely have no chance of being the best if you never practice, even if you're a natural.