Скачать или смотреть Good Debt vs Bad Debt, the two types of debt you should know.

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In this video we talk about the two types of debt, knowing the difference between the two can have a massive impact on your net wealth.

Good Debt is debt that helps you generate income and increase your net wealth. Good Debt is also generally tax deductible. Things like investing in larger income producing equipment for your business and commercial property loans can be considered good debt. Bad Debt is when you use the money for depreciating assets, like cars and general day to day costs. Your home loan can be considered bad debt because it wouldn’t be producing you any income while you live in it.

The next time you decide to buy something, just stop and ask yourself – will this debt increase my net wealth? Just food for thought..