Debt. The word alone is pretty scary… It conjures a tidal wave of bills that swamps you every month, draining your bank balance and preventing you from moving on with your life.

But did you know that in certain circumstances, debt can actually be a good thing?

The most obvious example is if you take a bank loan to buy a house. It’s good because the money is being used to purchase an asset that is likely to grow in value at a higher rate than the interest rate on the loan. …

22seven

Thoughts, observations and insights. About money, life and 22seven. Visit 22seven.com

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