WHAT IS DEBT? The money you owe another person or a business. “GOOD” DEBT Money owed for things that can help build wealth or increase income over time. Example: student loans, mortgages, business loans “BAD” DEBT Money borrowed to purchase a depreciating asset Example: cars, high interest credit cards Book Recommendation: The Psychology of Money:Continue reading “FINANCIAL LITERACY LESSONS: “GOOD” DEBT VS “BAD” DEBT”
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Financial Literacy 101
Updated Daily HairstonHustle.blog is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. Finance Books That You Should Read: Rich Dad, Poor Dad: https://amzn.to/2WziGv3 The Intelligent Investor: https://amzn.to/2zHbXWJ
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