On consumption and productivity

Many personal finance coaches say that there is good debt and bad debt. The good debt is the one that you can leverage to increase your income and assets.


Consume more of what you can leverage to produce more.

There is also good consumption and bad consumption. You can consume books, courses, outsourcing services, learning new tools, etc. Bad consumption would be to watch sit-coms, movies, eat out, learn about useless facts, etc.

When to produce

If you get too much of the good consumption you might never be profitable. You won’t have time left to produce if you spend all of your time consuming.

In other words, make sure you produce more than what you consume.