Good Debt V’s Bad Debt – What’s the Difference?

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?