Bad debt

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…

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.

How Rita Robyn Paid Off $74,000 In Credit Card Debt In Less Than 5 Years. Review Of The InCharge Debt Management Program. Client Success Story.

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

Is ok to use debt to pay for the things you love 💖, just be sure not to fall into bad debt, because its cost can be higher than what you expect 😰. To get rid of bad debt, be sure to read this article

Here are some examples of good debt and bad debt! Good debt should be put into an asset that produces an income for you (i.e. an investment), whereas bad debt is used to purchase liabilities such as a new car or expensive clothes. Via @unclenathanco #debt #goodvsbad #invest #asset #liability

Good Debt vs Bad Debt: As a thumb rule, if it increases your net-worth or value, it is good debt. Else, if you're borrowing money over depreciating...

How Are You Managing Your Test Debt? As testers, how do we create a balance and stay at the right test-debt quotient? With short sprints sometimes spanning just a few days.. More at: @QAInfoTech #Testing #QualityAssurance #TestManagement #TestAutomation