There is a school of thought that says if you work hard enough and pay your taxes honestly, you will be a millionaire soon, at least soon enough! However, the scores of employees, small-time businesses, workers work for money. This is in stark contrast to what scores of big businessmen, entrepreneurs and big investors who make the money work for them. What is different is that there is the concept of good debt and bad debt. Good Debt – this is the debt that is encouraged by big businesses and investors. Basically, good debt can be defined as an investment which grows with time and will eventually generate long-term revenue. How it works can be understood by taking an example of student loans. This loan helps you to get an education and reap its benefits in the future. Bad Debts: typically, a bad debt is a loan that is taken out for an asset or purpose that loses its value quickly and does not provide long-term benefits. Most problems arise because you are unable to pay off the loan you have taken and incur further expenses or loans to get rid of the previous and before you know it you are sucked in. There are some ways in which you can make debts and taxes work for you: The strength of education must never be undermined. The more you learn about a business, industry the better you are equipped to take risks. Everything in a business is risky and you must accept that as a fact. Investing short-term and long-term has its own benefits and doing this provides you with the best shot of earning wealth. Investing in traditional stocks (share market- primary or secondary markets), alternative investment online such as options trading (such as HBSwiss), futures market, commodities, and forex gives you an opportunity to make money depending on the kind of risk you can tolerate. Audits are an essential part of any business and you should accept it as a process that allows you to learn the nitty-gritty of being an entrepreneur. Make it the way that you will learn to make use of every possible tax benefit that is available. By working with the government on its various projects, learning to contribute in some ways to creating jobs, get involved in growing or supplying food, participate in housing projects, the government gives you tax benefits.