We all fear debt, the weight of owing money and mounting bills. Borrowing money to pay for an item, or debt, is the way most of us pay for the big purchases in our lives like a house or car, and it has become a fact of life.
However all debt isn’t created equally. There is in fact a good kind and a bad kind of debt, and knowing the difference, and managing both wisely, is the key to financial freedom. Do you know which type of debt you have?