Good debt and bad debt
Автор: MoneyLIKE
Загружено: 2025-06-09
Просмотров: 4
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Check our website: https://moneylike.com.au/
Good debt helps build wealth or future income, such as mortgages on appreciating property, business loans that generate profit, or student loans that improve earning potential. It usually comes with lower interest rates and can be seen as an investment.
Bad debt, on the other hand, reduces net worth, like credit cards, payday loans, or high-interest personal loans used for non-essential spending. It doesn’t improve your financial future, carries high interest, and can lead to financial stress.
For more information, visit our website: https://moneylike.com.au/
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