Comment: I would make a distinction between good & bad debt

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Michael Nystrom's picture

I would make a distinction between good & bad debt

Debt for consumption - bad. Very bad.

Debt for investment - consider the investment very carefully. One has to take some risks in this world.

To be mean is never excusable, but there is some merit in knowing that one is; the most irreparable of vices is to do evil out of stupidity. - C.B.