Off The Beaten Track

good debt

Good Debt, Bad Debt and the Gray Matter in Between – Part 3: Property

May 7, 2015 // 0 Comments

We’re on part three of our Good debt, bad debt series, and this time we focus on property as a follow on from part one on student loans and part two on business loans. A lot of people are on the fence about whether buying your own property is a good investment. While we won’t tackle that debate, we know that a home loan is still considered a good debt by many because homes are accepted as a good asset to invest in. You buy a property and the idea is that over the repayment period [...]

Good Debt, Bad Debt and the Gray Matter in Between – Part 2: Business Loans

May 6, 2015 // 0 Comments

The second part of our Good Debt, Bad Debt series focuses on business loans. You can find part one on student loans here. So you’ve just hit on a brilliant business idea and all you need is a few hundred thousands to make it work. This product or service is everything that the world has been waiting for, there’s no way you can fail. You decide to approach a bank for a loan to get your business going. Business loans are also considered a good debt. You take out a business loan to start a [...]

Good Debt, Bad Debt, and the Gray Matter in Between – Part 1: Student Loans

May 4, 2015 // 1 Comment

A lot of people are genuinely confused about how to differentiate good and bad debt. We’re going to be breaking down these different forms of debt throughout this week and covering the grey areas as well. This article will focus on the first ‘good debt’: student loans. Student loans are generally classified as good debt. One aims to obtain a qualification hoping that it will allow you to get a job that will, in the long run, not only pay the loan and interest back, but also improve their [...]