Topic: Credit
2 posts tagged “Credit”.
Good Debt, Bad Debt
Not all debt is equal. A simple two-part test sorts borrowing into the kind that can build your wealth and the kind that quietly drains it: what is the interest rate, and does the borrowing buy something that grows or earns?
Using Credit Well
The earlier posts warn about debt — but credit, used deliberately, is a genuine tool. Handled with a few firm rules, cards and other credit can give you rewards, convenience, a short cash-flow float, and a strong credit record, all without paying a cent of interest.