Not all debt is bad. Discover the difference between debt that builds wealth and debt that drains you—and how to use debt wisely.
You’ve heard the advice: “Debt is bad, avoid it at all costs.” But that’s only half the truth. Some debt can actually build wealth if managed correctly, while other debt keeps you trapped. Knowing the difference can change your financial future.
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Bad Debt: Credit card balances, payday loans, high-interest personal loans. These drain wealth because the interest is higher than most investments can return.
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Good Debt: Mortgages for appreciating property, student loans tied to higher earning potential, or business loans that fund growth. These can generate more value than they cost.
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The Rule: If debt increases your net worth or future income, it may be good. If it only funds consumption, it’s bad.
💡 Tip: Never carry bad debt longer than necessary—snowball or avalanche your way out. Then redirect that freed-up cash toward investments.
The Debt Crusher Toolkit in Legacy Blueprint gives you a proven step-by-step plan to eliminate bad debt for good—while protecting your credit score.
Grab Your Copy Today!
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Thank you! Blessings!