The Power of Debt: It Isn’t All Bad
by Samuel V. Gaeta, CFP®
Sep 21, 2022
3 minutes
Most people view debt as something to be avoided at all costs. But that’s because most people don’t use debt properly. A prime example of improper debt use is the credit card. People charge too much, fail to pay the card in full at the end of the month, then find themselves unable to pay down the debt without also paying exceedingly high interest, often for years.
However, some kinds of debt, such as a , or SBLOC, can be helpful. They can even save or earn you money. SBLOCs are rolling lines of credit based on the value of assets in your
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