Cade Hildreth

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Good Debt vs. Bad Debt: What’s the Difference?

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You may have never thought that the words good and debt could be used in the same sentence. However, there is a such thing as good debt.

But beware, all money that’s borrowed from a creditor has to be managed, or things can go south. According to the Federal Reserve Bureau, consumer debt grew to a record $4.19 trillion in December 2019. Those numbers are staggering.

If you’re going to achieve financial freedom, then understanding good debt is one of the lessons that you’ll need to master. As the wealthy know, it’s nearly always the tool used to achieve rapid accumulation of wealth. [Read more…] about Good Debt vs. Bad Debt: What’s the Difference?

Real Estate 101: The Different Types of Real Estate Investment

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Are you beginning to dip your toes into real estate investment, but you’re not sure where to start? Do you have a future dream of earning passive income and gaining even more financial independence? You’d be surprised to learn that there are a variety of real estate investment avenues that don’t just involve becoming a landlord. [Read more…] about Real Estate 101: The Different Types of Real Estate Investment

Becoming a Landlord: 8 Simple Steps to Take

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Have you always dreamed of becoming a landlord?

Let’s face it; owning an investment property can feel like a pipe-dream. After all, you purchase a property, find suitable tenants and collect rent each month. Once you’ve realized your dream, you can sell the house and enjoy a sizable profit.

What could be better?

Of course, operating an investment property can prove to be an incredible investment. But, as it turns out, there’s more to becoming a landlord that kicking your feet up and collecting monthly checks. [Read more…] about Becoming a Landlord: 8 Simple Steps to Take

Black Billionaires in 2021―And How They Made Their Money

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As recently as March of 2020, there were 2,095 billionaires reported worldwide, according to Forbes. The total net worth of all these billionaires combined reaches an astounding $8 trillion. That’s $700 billion less than 2019, but hey—it’s still an undeniably large number.

Something else that’s undeniable is how few of these billionaires are Black. Currently, only 6 of the 615 billionaires living in the US are Black, highlighting a clear lack of diversity. [Read more…] about Black Billionaires in 2021―And How They Made Their Money

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Drastic Plastic: 9 Credit Card Mistakes You Need to Avoid

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About 55% of Americans with credit cards are in debt, which means millions of Americans are falling prey to one or more of these common―yet deadly―credit card mistakes.

In fact, US households added $26 billion in credit card debt, with about one in 10 people noting a balance over $5,000!

Given the risks associated with credit cards, you’d do well to learn about their most dangerous pitfalls. This way, you can wield them safely, while benefiting from their benefits and perks. [Read more…] about Drastic Plastic: 9 Credit Card Mistakes You Need to Avoid