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Any debt where interest payments on debt is less than market return. Debt that results in increased earning capacity (e.g., student loans for some people). Debt that funnels financial growth (debt for business etc). Credit card debt though. Is not good debt
I don't like any debt. It's a 4-letter word. I get that it's essential at times, but I try to stay as free as possible. Yeah, I have a mortgage and a car payment, but I keep credit cards paid off.
My credit score dropped like 10-15 points after I paid off my student loans so not sure anymore haha.
So strange that this happens lol
Is any debt good debt? I feel like if I have anything on my credit report it's going to reflect badly on me. It's just so different today than it was say fifteen years ago.
Yeah, guess I was looking to see if they felt that student loans were "good" debt, mortgages for property ownership, vs bad debt like cc debt.