What types of debt do you consider "good" or "bad"?

like
Posting as :
works at
You are currently posting as works at

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

like

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.

like

My credit score dropped like 10-15 points after I paid off my student loans so not sure anymore haha.

funny

So strange that this happens lol

like

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.

Related Posts

Hey guys.. Is chase private banking and jp Morgan investment banking good way for managing my investments? I'm looking to build a portfolio of mutual funds with 2-3 years horizon

like

Thoughts on Amazon credit card? I’ve been hearing about some good perks, but not sure if I should go with something like AMEX/Chase instead

like

Get rich or die tryin #50Cent #Crypto2018

like

For any of you real estate investors, what tools or sources did you learn from when getting started. Can’t find a mentor currently so want to find some highly recommended books or videos. If focused on the tri-state area (NY, NJ, Long Island mainly) that would be even better. My hope is to buy and rent out a apartment while also owning a house and house hacking that by renting part of it out. Trying to understand all the steps, traps, and how to find if it’s a good investment.

like

Using coin on Robinhood vs a wallet?

like

Hi fishes, could any one help me on how to withdraw of money and how much can be withdrawn ?

like

Would you buy a brand new car in cash?

like

Is there anyone from Canada here? I’m looking for some information on working out of the country, but selling insurance.
Thanks

like

Quick question: Can we ask HR to revise pf contribution to minimum which is 1800/month

likehelpful

What are your thoughts on Baidu as an investment?

like

Anyone using basic MF or ETFs to invest? I’m new to personal investments and was wondering if I should spread about 10-15k across some ETFs and MFs, do you use a bank for this?

like

VOO. I predominantly use Schwab’s robo advisor and have consistently been 8% below S&P 500. (1) based on the historical performance of VOO, am I better off shifting all of my retirement and brokerage accounts to VOO? (2) how do I do that? How should I go about this? Liquidate all my robo advisors and then buy VOO? Hope you all don’t roast me too hard!

like

My fiancé and I invested in a small startup about five years ago and are about to get a $300,000 pay out (after taxes). What would you do with an extra $300k? (We have no debt, have sufficient savings and own a home already so the basics are covered.)

like

Cross posted: Has anyone ever heard of this type of real estate private equity fund structure:

-One LLC, so only one PPM
-Multiple investors that can be onboarded anytime
-Multiple investments that investors can determine whether or not they want to invest in
-One K-1 per investor based on their investments and income
-Ability for the Sponsor/Fund to invest directly, indirectly and in equity, debt, Pref, etc.
To me this seems extremely cumbersome and would require multiple classes of (cont’d)

like

Incoming BA - any advice/links on the math for the best credit card for personal use?

like

What is everyone doing w/ their bond allocations w/ rates where they are? Thinking of using FIA for this portion until it settles down a little. Not a big fan of FIA, but might make sense. Chu think?

like

Since the fed rate is now zero.. What does thst mean for mortgage rates and savings rates? They gonna plummet to nearly 0%?

like

If I have a six year old and 150k in a 529, can I say I’m done?

like

Is Deloitte allowed to use Robinhood? It's not a robo adviser and obviously you wouldn't invest in your clients. Or wealthfront?

like

Anyone have any tips for visiting Sonoma on a budget. Trying to find a balance with the group we are going with where we still get to do tastings etc but don’t break the bank. Thanks!

like

More Posts

What firms have different levels for admin? Anyone in the Twin Cities looking for admin?

like

Any agencies in LA looking for ADs to work on a car brand?

The elusive white whale… and at retail too…

Post Photo
likefunny

I just joined a non-dream company as a 10+ years experience guy. My friend working in my dream company forwarded a job requirement from his internal postings. I want to give it a try but in case I get selected how hard or bad would it be to quit current company? I want to know what consequences I should be ready to face. Can someone please advice?

like

Salam. My cousin’s newborn son is going into surgery today. Please make dua for his recovery and remember him in your prayers everyone 🤲

like

Why are most Indians obsessed with Jockey?

I have seen this since college days...

likefunny

Heard from me:

“Oh, junior person, you have edits to the monthly activity report 3 days after your deadline to review the report, and after I sent it to the client? How lovely for you."

likefunny

I've been job searching for nearly 4 months.... started using fishbowl 3 weeks ago... this app is far superior to anything on the market.

likesmart

Can anybody refer me for pwc jaipur.
M wrking as finance executive
Yoe 1 years
Education ca final 1st group cleared

like

Does anyone else bring a gaming system while traveling for work?

How to register for nxttrans for transport

like

How bout that Robinhood update

like

If you living currently in a home and looking to buy another home but plan to put only 10% on the new home, can I pay the remaining 10% after selling my existing home in 1-2 months .. and get the PMI

like

Can grad students get $20k forgiven if they got Pell in undergrad but outstaning loans are only for grad school?

like

Utilization director told me today that the layoffs won't affect me. My heart goes out to everyone that had to hear otherwise. Here's to hoping y'all find something better and prosper.

like

Colleague passed my work on as his, how to handle this gracefully ?

like

Recommendations for a wfh office chair? Preferably on the lower end of the range with good height.

like

Please suggest which to choose

UST and CitiusTech

YOE: 5 yr

Preference: Long Term, WLB, Job Security

Tech stack: Backend, Node.js, AWS Development, MySQL

like

What is a good comp level for an experienced finance person in Data Governance?

like

Will be recruiting with Deloitte and Google — tough decision because I like both, any thoughts on how to compare/choose between the two? Thanks!

like

Additional Posts in Student Loans

LCSW 50k loan repayment- Has anyone been granted a contract through the National Health Service Corps Loan Repayment Program? I’m interested in applying for the 2 years of full time work as an LCSW but my loans are a bit under 50k so I’m wondering if they would only give me what I need to clear my loans or would I still get 50k as long as I complete my contract ?

Curious to know how much your student loans were when you graduated from your program, how much you’ve paid off so far, and your age. If you have any varying factors too, like kids, income range, etc. Just trying to see if I’m on track or slacking in life. I am 34 yo, i graduated with 95k in student loans, i currently have 85k left and i make 85k in come. I’m also a single mom with two kids. Just praying for 100% student loans forgiveness. Wishful thinking???

like

Not mad that student loans being paused means I can use the money for Christmas. Are you still making payments during the pause? Or are you saving the money for something else. My christmas present to myself is a spa day!

like

If you could go back in time what would you tell yourself before taking out student loans?

like

If you didn't have to pay off any more of your student loans what would you use the money for instead? I'm stuck between something impractical like a trip somewhere or something I need like a new car lol

like

Are you doing what you thought you would be when you took out your student loans? If so, do you feel like taking out your loans was worth it?

likefunny

Has anyone refinanced their student loans on h1b visa? Is common bond the only option?

Does having student loans impact your ability to get a mortgage?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal