Comments on: Your Money 101: Is Debt Bad? http://www.dominica-weekly.com/investing/your-money-101-is-debt-bad/ Ramblings From The Nature Paradise of Dominica Mon, 01 Dec 2008 21:49:49 +0000 http://wordpress.org/?v=2.6 By: Diane Corriette http://www.dominica-weekly.com/investing/your-money-101-is-debt-bad/#comment-11172 Diane Corriette Fri, 11 Apr 2008 16:45:28 +0000 http://www.dominica-weekly.com/?p=1391#comment-11172 I was always told that debt that pays you is good and debt that takes from you is bad. So debt to buying a second or third house that you rent out is good debt but the debt to buy a house to live in is not... Not that it is "bad" in the way we see bad... or you shouldn't do it... with the good and bad that is added to this debt you have to take away the blame aspect we normally associate with good or bad. Its not about saying you must do the good debt and you musn't do the bad debt. It's more a way to help people recognise what will fill their bank balance and what will empty it! Diane Corriette Dominican Diaspora <a href="http://www.dominican-diaspora.com" rel="nofollow"> http://www.dominican-diaspora.com </a> P.S. Please donate to the Dominican place of safety <a href="http://www.justgiving.com/dominicaplaceofsafety" rel="nofollow"> http://www.justgiving.com/dominicaplaceofsafety </a> I was always told that debt that pays you is good and debt that takes from you is bad. So debt to buying a second or third house that you rent out is good debt but the debt to buy a house to live in is not…

Not that it is “bad” in the way we see bad… or you shouldn’t do it… with the good and bad that is added to this debt you have to take away the blame aspect we normally associate with good or bad. Its not about saying you must do the good debt and you musn’t do the bad debt. It’s more a way to help people recognise what will fill their bank balance and what will empty it!

Diane Corriette
Dominican Diaspora
http://www.dominican-diaspora.com

P.S. Please donate to the Dominican place of safety http://www.justgiving.com/dominicaplaceofsafety

]]> By: Dan http://www.dominica-weekly.com/investing/your-money-101-is-debt-bad/#comment-11166 Dan Thu, 10 Apr 2008 15:51:12 +0000 http://www.dominica-weekly.com/?p=1391#comment-11166 Generally good advice except for necessities (home mortgage, to finance a business). If you finance a business, incorporate so that the borrower is the business not you personally (protects your assets from seizure if the business fails). Best time to borrow is when interest rates are low and inflation is high because you'll pay the loan off with cheaper money. All of this is complex and not easy for ordinary consumers to do, or to manage if they do. This is what banks, brokerage houses and etc. do. Generally good advice except for necessities (home mortgage, to finance a business). If you finance a business, incorporate so that the borrower is the business not you personally (protects your assets from seizure if the business fails). Best time to borrow is when interest rates are low and inflation is high because you’ll pay the loan off with cheaper money. All of this is complex and not easy for ordinary consumers to do, or to manage if they do. This is what banks, brokerage houses and etc. do.

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