Debt seems to consume headlines worldwide these days. Greece and all of Europe are battling this issue. Our United States was downgraded earlier this year. There is commonly thought to be good and bad debt. If attached to an asset hopefully an increasing one is viewed as good debt.
Credit card or other debt not attached to an asset is commonly thought bad. Sometimes good becomes bad when an asset value declines faster than the debt . The key is having a plan to pay it rather good or bad. Many businesses use debt to finance AR and Inventory which hopefully makes them money and keeps them afloat. Awareness and management of debt is the key in any arena including yours. Ask how GYL Decauwer can help. www.gyldecauwer.com Tel: (909) 948-9990! Get 10% off our services when you mention you saw us online.
Dude, right on there brother.
It’s imperative that more pleope make this exact point.