Before any financial fraud takes place, the fraudster must have had a well planned and fail proof strategy to convince you to dip your hand into your wallet.
Financial Intelligence requires that you not only know how to make and multiply money, but also how to keep it (from yourself and fraudsters) and make it work for you.
Fairness and Freedom are two contrasting, inversely proportional terms. The more freedom there is, the less fair things are going to be and vice versa.
The only way you can master the game of money and graduate from being an amateur into a professional is by increasing your Financial Intelligence and mastering the game called money.
In this modern age, luxury is still good and desirable but it cannot take the place of utility, at least for the financially intelligent.
Desiring to have more money and working hard to achieve Financial Freedom is not just about "greed" or "pursuing the things of the world" as religious fanatics would have you believe.
Find it out from the book, "HOW TO SAVE LIKE A PRO: 30 Radical Money Saving Hacks That Can Help You Hit Your Financial Goals" by Obot Essiet Jr., the Financial Intelligence (FINTEL) Coach.
Good Debt is the type that allows you to accumulate assets that will increase in value either by capital gains it by generating CashFlow. You can use the income derived from the asset to repay the debt.
Liabilities on the other hand, are the obligations and debts a company or an individual owes and have to be settled either in the short term or long term. A liability is usually money owed by a business for the purchase of an asset.
Liabilities could arise from borrowings which may be made to improve business or personal income and are paid back over an agreed period of an interval.