1-minute video: Is (a Little) Debt a Good Thing?
Please enjoy this 1-minute video (for those receiving this by email: please click on the blog title line above to view).
I make a subtle, but important distinction, with debt categories in the post “Basic Steps to Reducing Debt.” I refer to both education and car debt as “necessary” debt – since they’re necessary to advancing your earnings and get you to and from your employer. Home mortgages are good debt; and consumption debt of any kind is bad debt.
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