Posted on August 13th 2018

Advice

Debt

fundMyLife

Debt is an amount of money borrowed by one party from another party. While it sounds neutral at first glance, the concept of debt suffers from popular culture painting it in a bad light. When the word debt comes to mind, images of loan sharks pouring red paint all over your door appear. Of course, being in debt can be a terrifying thing. However, is it always bad? It’s possible to live a life free of debt, but that puts you at a disadvantage. In this article, fundMyLife tells the difference between good and bad debt, and how being in good debt isn’t always bad.

Disclaimer: we may be named fundMyLife, but we can’t help you financially if you happen to be in debt. Sorry.

The best example of a good debt would be a