There's a lot of factors you need to consider in determining whether a debt is good or bad. A simple rule is any debt that you use to generate more income is a good debt and if it doesn't do that, then it's a bad debt. Additionally, a good debt can also take form as an investment to an existing business that would pay you more money in the future.
So, is there really such a thing as good debt? Listen in if you need more help in determining whether the debt you're about to take on is good or bad!
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