Is Debt Dumb?

Three helpful perspectives on debt

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Personal finance gurus are always preaching that you should get out of debt. But what exactly is debt and why is it so bad?

The boring, simple definition is that debt is borrowing money. It’s paying later instead of right now.

But why is this bad? Let’s look at three definitions of debt that fly in the face of good financial sense.

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Relentlessly simplifying what you need to know to master your money so you can live your life. Go to https://moneythesimpleway.com/ to get articles right when they come out.

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Matthew Kent

Matthew Kent

Done settling for average. Now I have my sights set on awesome 😎 Get “The Ultimate Daily Checklist,” my free ebook on productivity: http://bit.ly/2pTziwr

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