From Yahoo Finance: 2025-06-10 10:03:00

Robert Kiyosaki emphasizes the importance of money management to achieve financial freedom and avoid debt. He shares two rules of thumb to help avoid the debt cycle. Cashless spending can lead to thoughtless purchases, and carrying cash for purchases under $20 can help increase awareness of spending habits.

Credit card debt can add up quickly due to compounding interest. By paying off the balance in full each month, you can avoid overwhelming debt and high interest rates. Consider your credit card as a debit card and only charge what you can afford to avoid falling into the trap of bad debt.



Read more at Yahoo Finance: Follow These 2 Steps To Stay Out of Debt