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The difference between good and bad debt

Do you know the difference between good debt and bad debt? In essence, good debt is used to purchase an asset that appreciates in value or has some income producing potential. Bad debt is used for consumption, like spending on cars, furniture, electronics and trips.

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Source: Financial Post - Money

This entry was posted on Thursday, August 14th, 2008 at 11:27 am and is filed under Advice. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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