Within financial circles many advisers and commentators regularly talk about the negative aspects of bad debt and positive approaches to good debt.
But to many the difference is a mystery – isn’t debt just debt?
Good Debt
Lets first consider what good debt is. Good debt is referred to as that debt that assists in building net worth through either income and / or the holding of an asset that will appreciate in value. This type of debt could also often be tax deductible.
Continue reading Good Debt V’s Bad Debt – What’s the Difference?