Debt is good when you are leveraging that debt to make more money. But getting into debt to buy stuff that only means more expenses or that will not even last in your life is bad debt.
You are viewing a single comment's thread from:
Debt is good when you are leveraging that debt to make more money. But getting into debt to buy stuff that only means more expenses or that will not even last in your life is bad debt.
Well said. But I have to learn how to leverage it wisely. TBH, I have taken loans for investments that burned me later on. So don't know. I had everything planned out pretty well to.