Interview with Rich Credit Debt Loan

• What encouraged you to start Rich Credit Debt Loan?

I started RCDL because many personal finance sites vilified debt. It’s not that debt is bad. Debt can be a very good thing. You can build wealth through debt. It is how most people get into debt that’s the problem. Going into debt for a good investment for instance is perfectly fine, even normal. Going into debt to splurge on “things” is bad. Do you really need to trade in and trade up for a shinier new vehicle? Or buy a larger TV?

• Does personal experience play a key part in the content of your blogs?

Yes and no. I’m not an expert on anything. I am like most of my readers, looking for solutions and experimenting. I blog what I know and research the rest.

• What financial topic is your favorite to blog about?

Good debt, bad debt, and debt in general. It’s on everyone’s mind right now with the recession. People are looking for ways to cope.

• Which of your blogs is a “must-read” for financial understanding?

The Difference Between Good Debt and Bad Debt. Conveniently, it’s also the most popular post in November and all time on the blog right now. A lot of people want to figure debt out and learn how to make it work for them not against them.

• What topic is the most popular on your site?

Debt and Revenue Creation.

• What financial advice can you offer our readers?

You must increase your income, not limit your expenses to achieve wealth. You can do this through diversification of assets and income, by making debt work for you, and using your resources as financial leverage.

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