What Is 'Good' Debt and How Can It Improve Your Finances?
Summary
Not all debt is bad—some, like mortgages or student loans, can offer financial benefits. "Good" debt helps build wealth by preserving liquidity, allowing investments to grow while earning more than you pay in interest. Mortgage interest can also offer tax deductions, and certain strategic assets—such as real estate or education—may provide long-term financial advantages. However, managing these debts wisely is critical, as high-interest debt should be paid off first. Consult financial advisors to make informed decisions about debt.
Money
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