Beware Of These "GOOD" Debt

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 - Intro
0:35 - Home Mortgage Loan
3:49 - Student Loans
5:42 - Home Equity Loan
6:55 - Business Loans

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DISCLAIMER: 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.