Good debt is defined as debt taken on to increase income or net worth over time, such as education loans, mortgages, or business loans, which provide a return on investment.

Authors

• Person: Not available Organization: Champlain College
  Financial Rules of Thumb: Your Money Management Cheat Sheet

Sources

• Financial Rules of Thumb: Your Money Management Cheat Sheet www.champlain.edu Champlain College via serper

Referenced by nodes (2)

• return on investment concept
• mortgages concept