With debt so readily available, we are all encouraged to spend. It is easy to focus on the short term, accumulate debts and forget about the future.
Some debt can be good if it helps you achieve long-term goals like owning a home or investing for the future. Other debt, however, accumulates for short-term assets that depreciate from the time of purchase such as cars, equipment and household goods.
At some stage all debt, good and bad, will need to be repaid. At InvestorWise, we help you understand the difference between good and bad debt so you can discover the key to better management. This will empower you to take control of your financial position in the short and long term.