Saturday, May 5, 2012

Good Debt vs. Bad Debt | Critical Financial

Good Debt vs. Bad Debt | Critical Financial: "It’s a common misconception that all debt is bad for you as a consumer. It’s tempting to say that it’s inherently bad to owe money. While this is true in many cases, there is such a thing as good debt: debt which helps you to increase your overall worth.

Good Debt

Most generally, good debt is any debt accrued for something you need but can’t afford. It includes debt that helps you make more money, increases your net worth or is absolutely necessary."

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