GARETH SAYS...
Apparently in the US college loans are considered a good debt. What the f$£@!
How can a debt be good?
I've turned to the internet for answers...
GOOD - "Good debt is investment debt that creates value; for example, student loans, real-estate loans, home mortgages and business loans," says Eric Gelb, CEO of Gateway Financial Advisors and author of "Getting Started in Asset Allocation.
BAD - The concept of bad debt comes in when discussing the purchase of disposable items or durable goods using high-interest credit cards and not paying the balance in full.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment