Dear Friends,
This week’s topic, good debt and bad debt, can be confusing. I hope that the video cleared up some of your questions on the matter, but, since it is such an important and often-muddy topic, I
thought I would further clarify the issues.
To begin with, let’s clear up the difference between credit and debt. Credit is the ability to borrow money; debt is actually borrowing the money. Because credit is so freely available in our
society, it is easy to think we can “afford” things ...
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