Depending on who you listen to, someone has an opinion on dept. Have you ever heard real estate gurus talking about how to invest in property—use other peoples money?
There is some truth to that, you could do very nicely, with OPM—if you know what you are doing. Of course, that is a form of debt. This article, How to Save Money takes a deeper dive into debt and savings.
Take a look at …
- Bad debt vs. good debt
- What is bad debt?
- What is good debt?
- Getting help for your bad debt
- What’s a good debt-to-income ratio?
Today, “debt” is considered a bad word no matter what you spend the money on. But, like most things, it’s not really that simple. Not all debt is created equal, and taking out a loan for some things may actually be beneficial for you in the long run. For example, everyone knows credit card debt is bad because of the high interest rates. But student loans are much better – the interest rates are […]