EssentialsApril 2, 20265 min read

Good Debt vs Bad Debt

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Gollak Team

Family Finance Experts

Some debt helps you grow, some holds you back!

Good Debt

  • Education loans (increase earning)
  • Home loans (builds asset)
  • Business loans (creates income)

Bad Debt

  • Credit card for wants
  • Loans for vacations
  • Borrowing for trends
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