Sat, January 4, 2025
Fri, January 3, 2025
Thu, January 2, 2025
Wed, January 1, 2025
Tue, December 31, 2024
[ Tue, Dec 31st 2024 ] - Salon
5 thought-provoking books of 2024
Mon, December 30, 2024
Sun, December 29, 2024
Sat, December 28, 2024
Fri, December 27, 2024
Thu, December 26, 2024
Wed, December 25, 2024
[ Wed, Dec 25th 2024 ] - AOL
Should You Buy the Dip in AMD Stock?
Tue, December 24, 2024
[ Tue, Dec 24th 2024 ] - CNBC
LoanDepot mortgage review 2024
[ Tue, Dec 24th 2024 ] - mwnation
Govt hikes social cash transfer
Thu, December 19, 2024

Wise debt or foolish debt?


//business-finance.news-articles.net/content/2024/12/28/wise-debt-or-foolish-debt.html
Published in Business and Finance on by MSN   Print publication without navigation

Devin and Rich are friends and business partners with one ongoing source of tension. They don't see eye to eye on debt. Rich is totally against it. Devin thinks it's fine—maybe even wise—in certain situations.

The article "Wise Debt or Foolish Debt" from MSN Money discusses the concept of good versus bad debt. It explains that not all debt is detrimental; some can be considered "wise" if it leads to long-term financial benefits or personal growth. Examples of wise debt include mortgages, which can build equity over time, and student loans, which might lead to higher income potential. Conversely, "foolish" debt often involves high interest rates with little to no long-term value, like credit card debt used for non-essential purchases or payday loans. The article advises readers to evaluate their debt based on its purpose, interest rates, and potential for appreciation or income generation. It also emphasizes the importance of managing debt wisely by understanding one's financial situation, planning for repayment, and avoiding unnecessary borrowing.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/personalfinance/wise-debt-or-foolish-debt/ar-AA1wD7qj ]

Publication Contributing Sources