Page 15 - Designing Your Dreams - Marissa

Good Debt vs. Bad Debt
What is Good Debt?
Debt that allows you to leverage your assets to increase your net worth. Appreciating
assets , reasonable interest characteristics of good debt.
What is Bad Debt?
Debt that is mainly used for
worth over time. High interest rates and to identifying Bad Debt.
rates, and tax deductible interest are some
goods that will not increase your net assets are key factors
material
depreciating
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BAD
GOOD