When used intelligently, debt can be of tremendous assistance in building wealth. One of the secrets, therefore, to being smart with your money is to differentiate between good debt and bad debt. Examples of good debt including the following: mortgages, school loans, real estate loans and business loans. Examples of bad credit include the following: credit cards, store credit cards and auto loans. "Good debt is investment debt that creates value; for example, student loans, real estate loans, home mortgages and business loans," says Eric Gelb, CEO of Gateway Financial Advisors and author of "Getting Started in Asset Allocation." Read full article:
http://www.bankrate.com/finance/debt/good-debt-vs-bad-debt-1.aspx
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