Beware Of These "GOOD" Debt
from Tae Kim - Financial Tortoise Hosted by Tae Kim - Financial Tortoise
There is no "GOOD" Debt. I'm sure you've heard this before, but it bears repeating: there's no such thing as good debt. It may feel like borrowing money to buy a house or send your kids to college is worth it because houses and education are investments that will increase in value over time. But the reality is that all debt - whether it's for a car, clothes, education or anything else - has an interest rate attached to it which means that you're paying more for something than what you paid for originally. In this video, I share four types of debt and why there is no such thing as "good" debt. Alan Donegan, Rebel Business School - https://therebelschool.com/Timecodes:0:00 - Intro0:35 - Home Mortgage Loan3:49 - Student Loans5:42 - Home Equity Loan6:55 - Business Loans------------LINKS:► Get My Weekly Newsletters: https://www.financialtortoise.com/newsletter► Favorite Books: https://www.financialtortoise.com/bestbooksDISCLAIMER: I am not a financial adviser. These videos are for educational and entertainment purposes only. I am merely sharing my personal opinion. Please seek professional help when needed.
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