Debt to purchase a home = OK, but get a 15 year loan and pay it off ASAP.
Debt that produces income, like rental property or a business loan = potentially good.
Debt against a rapidly depreciating asset like a car or furniture = bad.
Debt to pay for things that evaporate instantly, like a vacation or dinner = you'll be poor forever.
Debt that produces income, like rental property or a business loan = potentially good.
Debt against a rapidly depreciating asset like a car or furniture = bad.
Debt to pay for things that evaporate instantly, like a vacation or dinner = you'll be poor forever.