Good Debt and Bad Debt – What You Really Need to Know About All Types of Loans
Everyone wants to know is debt good or bad? Well, yes. Both. It depends. There are lots of mixed opinions on debt in the finance world. Some financial pundits take a hardline and argue that being debt-free is the ideal and that there is no good debt. Others, however, take a softer stance and saythat there are, in fact, some good forms of loans. As a rule, a loan is considered good debt if it helps your financial wealth-building capabilities in the long run and bad debt if it only serves to hurt your ability to build wealth in the future. In this article, we’ll look at what it means for debt to be good or bad, and help you … Read more