Sometimes it is good to look at what not to do.
For me it is bad debt. Credit cards, store cards... any consumer debt really. I'm sure there could be debate on good vs bad debt, but I define good debt as borrowings that has a better than average prospect at delivering more money back to you than you will pay in interest. For you guys in America (I'm in Australia, so...) I guess student debt is potentially good debt. Depending on the property, housing loans can be good debt. But if you start accruing enough bad debt that it starts to affect the decisions in your life then you are complicating it needlessly. The primary complication of paying money back is not that complicated, but the secondary complications is when you will feel it, re. work, time, happiness, etc.
Submitted July 12, 2018 at 04:28AM by iheartchemtrails https://ift.tt/2L9ZFr3
