Finance Library
Personal FinanceIntermediate 4 min read
Good Debt vs Bad Debt
Not all borrowing is equal — some debt builds wealth, some eats it.
Good debt
Debt used to acquire an appreciating asset or boost your earning power — a reasonable mortgage, student loans for a real career — can be a useful tool when the math works.
Bad debt
High-interest debt on depreciating purchases — credit-card balances, payday loans, financing lifestyle — works against you. The interest compounds the wrong way.
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