Why should you pay off debt as soon as possible?

by | Sep 17, 2021

While loans can be helpful, it’s important to remember that repayment models aren’t structured in your best interest, but rather the lenders’. The minimum payments that you must make each month, plus the interest which is added on, continues to compound the ‘value’ of...

Perspective Lesson – Can there really be good debt?

by | Sep 17, 2021

With that said, while these types of loans are referred to as ‘good debts’, there is the idea that no form of owing money to anyone else should be considered positive. For example, some people see a car loan or a home loan as good debt, because you’re paying off...

What is the definition of good debt?

by | Sep 17, 2021

And this is where ‘good debts’ come in, as not all debts are considered unnecessary. ‘Good debt’ refers to money borrowed for productive or wealth-building assets, such as home, student, or business loans. If you get a home loan or borrow money for your education,...