"Good debt involves someone else paying off the debt for you. An excellent example of good debt is a real estate investment loan in which a tenant pays rental income in excess of the mortgage and related expenses. An SBA (Small Business Administration) loan that allows your business to grow is another example of good debt ( so long as your business can pay it off). The best loans are nonrecourse loans, which require no personal guarantees. Good debt leads to wealth." by Garrett Sutton, ESQ. Corporate Attorney
PS. Some would not believe this principle is from the Bible. Matthew 25:14-30
We are to increase in our finances, hummmm. Changing my way of thinking, that's for sure.
Posted By: Esther Pinkston
Wednesday, August 27th 2008 at 10:22AM
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