Month: October 2019

What are some beneficial uses for a loan?

When it comes to taking out loans, they aren’t necessarily good or bad, it just depends on what you’d like to take the loan out for. As discussed in our previous blog posts, debts to pay for liabilities are bad, whereas debts to pay for assets are good. Generally, you want to make sure that […]

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What are the different kinds of personal loans?

While there are hundreds of loan products available out there from banks, credit unions, co-ops and the like, generally there are a few wide-ranging “types” each of them fall into. Here we’ll go into each of them in a bit of detail so you can jump off and do your own research! Personal lines of […]

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When is debt bad?

When it comes to debt, as with our previous post, not all debt is created equal! There’s good debt, which is debt that enables you to purchase assets that spin off income, buy stocks that accumulate over time, or build a business that ensures long-term wealth. Then there’s bad debt, which the vast majority of […]

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