Which Debt Is ‘Good Debt’ and Which Is ‘Bad Debt’?
Let’s talk about debt baby. Let’s talk about you and me. Let’s talk about all the good things and the bad things that may be. Let’s talk about debt.
Do I have you humming the tune to a popular Salt-N-Pepa song circa 1990?
I have to bring some joy during the pandemic! OK. We talked about the importance of budgeting and cash flow analysis. Now, let’s focus on a related topic: debt.
True or false? Some debt can be good. Answer: True. But there’s a catch. You should be responsible with debt and use it to acquire an appreciating asset; in other words, an asset that will increase in value over time. This takes discipline and focus.
Good Debt: Mortgages and Student Loans
Most people can’t afford to purchase a home outright, or entirely with
