We think so.  If the debt appreciates in value like a house, or has some income producing potential then it’s considered good debt.  If you go into debt to purchase cars, recreational toys, furniture or vacations, that’s considered bad debt.  The trick on any debt is to obtain the lowest interest rates available.

Do you know what interest rate you are paying on your debts?  If not, check it out, you may be in for a big surprise.  Share your examples with us.