for subscribers

How to use good debt rather than bad debt

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Johannesburg - You might be surprised to know that there is such a thing as good debt. Obviously we should all try to avoid getting into debt at all, but it's also smart to look at some types of debts as investments that create wealth for us.

How to use good debt rather than bad debt

Unless you're very fortunate, debt is something you will have to contend with during your life. You may already have some form of debt, possibly a student loan or, on a smaller scale, a clothing or book store account.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.03
(+0.31)
ZAR/GBP
21.88
(-0.22)
ZAR/EUR
19.89
(+0.06)
ZAR/AUD
12.06
(-0.11)
ZAR/JPY
0.16
(+0.27)
Gold
1881.63
(+1.06)
Silver
23.67
(+3.12)
Platinum
880.00
(+3.52)
Brent Crude
42.29
(0.00)
Palladium
2267.50
(+1.91)
All Share
54718.80
(+2.11)
Top 40
50578.66
(+2.08)
Financial 15
9932.20
(+5.65)
Industrial 25
73991.07
(+1.43)
Resource 10
54366.26
(+1.71)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1378 votes
It depends on how the funds are used.
73% - 8921 votes
No. We should have gotten the loan elsewhere.
16% - 1977 votes
Vote