✓ Good Debt vs Bad Debt: Know the Difference

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As an adult, you inevitably accumulate debt of various kinds in order to finance major life expenses like higher education, home ownership, or starting a business. However, not all debt is created equal. It's important to understand the difference between bad debt and good debt so you can make strategic borrowing decisions that positively impact your financial well-being rather than hinder it. Bad debt, such as high-interest credit cards, can trap you in a cycle of interest payments and damaged …

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