"Debt" is what you owe, which you must repay.
Most people owe money, that they have borrowed, that has been loaned to them for a purpose, to help them buy something that they cannot afford. eg. credit card debt, student loan, mortgage... etc...
Of course, there are actually many forms of debt, both good and bad, including favors, that you need to repay in time or money.
The more bad debt you owe, the more you become a slave, working hard to service this debt. This kind of debt can even be a killer, leading some people to commit suicide from the stress of having too much debt. So, learning to master this bad debt, to clear it from being a burden in your life, is a key step to achieving financial freedom.
Mastering debt may also involve leveraging good debt for investing purposes, an important skill to help you grow your wealth. Yes, there are many forms of good debt, which if used correctly, is money that you leverage to "work for you". It can help you to buy resources in time, employees, equipment, knowhow, and more... eg. business loans, student loans, etc...
No matter what type of debt you have now or may have in the future, the following roadmap, tips and tools can help you to learn the art and science of mastering debt, so you can take control of your time, your freedom, and your life...
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