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GOOD DEBT vs BAD DEBT

Writer's picture: Ishfaaq PeerallyIshfaaq Peerally

There are two types of Debt, Good Debt and Bad Debt.

Good debt is important since it allows an individual, company or country to grow while bad debt can lead to serious problems

In order to determine if a debt is good or bad, you should understand the interest rate and the cashflow

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