Debt is good when it is tax-deductible. It is bad when it’s the wrong kind of debt – the kind that is not deductible against your income. Bad debt can be converted to good debt if you employ The Smith Manoeuvre. Wealthy people have debt, and they like it that way. They use their after-tax cash for toys and holidays. However, they borrow to invest and deduct the interest on those investment loans. That’s called “good debt” and it’s how the rich become richer. If you have house mortgage debt, it is the wrong kind of debt until you convert it to tax-deductible debt. The Smith Manoeuvre’s streamlined techniques show you how to make it happen.