Future you will thank you - Debt Details transcript
Yes, it’s true. Debt is a four-letter word, but it’s not always bad.
Buying a home, investing in your education, or starting a business could open more doors for you in the future if you’re wise about it.
Consider these three i’s to start…
Interest Rate — Ideally, it’s low; bonus points if it’s tax-deductible.
Investment — Could the item grow in value or generate money?
Income — Most importantly, make sure the money you make is enough to comfortably cover all your debt payments.
The next step is learning how to prioritize and accelerate your repayment plan.
Approach debt responsibly, and you can have a better chance of finding even more financial stability in the future.