Bad debt

Bad debt is debt that isn't contributing to wealth creation (i.e. credit cards). A mortgage on an real estate investtment could be good debt.

Surprisingly in our relatively affluent society, debt is a fairly common incursion. To the dismay of many personal financial advisors, many view it as an

Good debt vs bad debt | Learn how to overcome here #investing #save #investment #millionaire #debt #gooddebt #baddebt

Analysis: The ATO can use real time bank data to make compliance easy. Centrelink should too.

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…

Is there such thing as good debt? Or is all debt inherently bad? In this post, we'll explore the idea of good debt vs. bad debt

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Extending credits to clients is an excellent method to promote unprepared purchases, enhance sales, and raise profits. However, in some cases clients don’t pay you, resulting in bad debt but there is…

Debt often carries a negative connotation, especially when discussed in personal finance circles. However, not all debt is detrimental. In this blog post, we aim to demystify the concept of debt, particularly focusing on the nuances of 'good' and 'bad' debt. This is especially crucial for women and minorities, groups traditionally underserved in financial literacy and empowerment. By understanding and leveraging debt wisely, they can transform their financial landscapes.