Good verses Bad Debt

STEWARDSHIP AND FINANCIAL PLANNING

Good-Bad-Debt1

Good debt is what is helping you build your future to take from today and build a better tomorrow. 

Such as a home mortgage that builds equity and is a place for you and your family to live and thrive.

It can also be a business loan, which allows you to build a way to provide you and your family’s future when providing jobs and a beneficial service to your community.

Student loans can be good too, but be very cautious, they can’t be forgiven or used in bankruptcy and may take 30 years to pay off. They will stifle you from owning a home or building a future. Only use them if you have too when all scholarship and other means is exhausted. Pay them off as soon as you can. If you will not have the income to pay them off early, do not get them and just…

View original post 318 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s