Bad debt

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Ever heard of good debt and bad debt? 🧐  We're here to break it down:  ✅ Good Debt - A loan that has the potential to increase your net worth  ❌ Bad Debt - A loan to purchase depreciating assets  This is not to say you should never acquire bad debt - the reality of it is, we all need certain things to get by, like a vehicle, goods and services, and credit cards. But focus on minimizing your bad debt and investing in good debt that should pay off later, like your education, real estate, or a sma Envelope Stuffing, Bad Debt, Budget Envelopes, Good And Bad, Budgeting Money, Money Matters, Debt Consolidation, Goods And Services, Say You

Ever heard of good debt and bad debt? 🧐 We're here to break it down: ✅ Good Debt - A loan that has the potential to increase your net worth ❌ Bad Debt - A loan to purchase depreciating assets This is not to say you should never acquire bad debt - the reality of it is, we all need certain things to get by, like a vehicle, goods and services, and credit cards. But focus on minimizing your bad debt and investing in good debt that should pay off later, like your education, real estate, or a…

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43 Shares Facebook 43 Twitter LinkedIn Former president Obasanjo, commented on the debt Nigeria faces: “All that we had borrowed up to 1985 or 1986 was around $5 billion and we have paid about $16 billion. Yet we are still being told that we owe about $28 billion. That $28 billion came about because of the injustice

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