Good Debt Vs. Bad Debt: The Difference Matters a Lot
People tend to lump all debts together, yet they are not all equal. Knowing the distinction between a good debt and a bad one can help you make better financial decisions. Not that long ago, when people needed extra large sums of money, their home equity was their go-to source of loans. After the housing crisis, they almost went the way of the dodo bird. Then, the new popular source to borrow from became 401(k)s, because: “What’s the...
