Comments on: Good Debt and Bad Debt http://moneyning.com/debt/good-debt-and-bad-debt/ A personal finance blog where we share insights on carefully saving money, investing, early retirement, mortgages, stocks because the little things matter in achieving financial freedom! Sat, 21 Nov 2009 08:01:45 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Mr. Charles' debt guide http://moneyning.com/debt/good-debt-and-bad-debt/comment-page-1/#comment-17225 Mr. Charles' debt guide Mon, 06 Jul 2009 20:01:45 +0000 http://moneyning.com/?p=3077#comment-17225 Thats true, but i guess you can view "good debt" as a helper to payoff for your mortgage. and not as something super great, like most people view it. Thats true, but i guess you can view “good debt” as a helper to payoff for your mortgage. and not as something super great, like most people view it.

]]> By: Car Insurance Guy http://moneyning.com/debt/good-debt-and-bad-debt/comment-page-1/#comment-16733 Car Insurance Guy Wed, 17 Jun 2009 23:27:43 +0000 http://moneyning.com/?p=3077#comment-16733 I'm thinking of opening a new business, but I know that I'm just risking debt. Hmmm....decisions decisions. I’m thinking of opening a new business, but I know that I’m just risking debt. Hmmm….decisions decisions.

]]> By: Mortgage Deals Help http://moneyning.com/debt/good-debt-and-bad-debt/comment-page-1/#comment-16724 Mortgage Deals Help Wed, 17 Jun 2009 19:08:53 +0000 http://moneyning.com/?p=3077#comment-16724 You're right that mortgage debt is the granddaddy of good debt. The problem has been the willingness of people to seek a larger debt than they can realistically afford to pay - for many, many years. In the UK the FSA are considering banning 100% mortgages and making a limit on income multiples to say 3.5x. You’re right that mortgage debt is the granddaddy of good debt. The problem has been the willingness of people to seek a larger debt than they can realistically afford to pay – for many, many years. In the UK the FSA are considering banning 100% mortgages and making a limit on income multiples to say 3.5x.

]]> By: DDFD @ DivorcedDadFrugalDad http://moneyning.com/debt/good-debt-and-bad-debt/comment-page-1/#comment-16689 DDFD @ DivorcedDadFrugalDad Tue, 16 Jun 2009 13:19:49 +0000 http://moneyning.com/?p=3077#comment-16689 I agree debt is debt is debt. I am trying to escape it-- one car down and one to go. However, I disagree that mortgage debt is the "best" debt. A home requires upkeep and numerous other ongoing expenses. My view of the "best" debt is education and training debt. It USUALLY translates into higher future income. In my book, income beats expense, any day of the week. Just don't be a professional student . . . I agree debt is debt is debt. I am trying to escape it– one car down and one to go. However, I disagree that mortgage debt is the “best” debt. A home requires upkeep and numerous other ongoing expenses. My view of the “best” debt is education and training debt. It USUALLY translates into higher future income. In my book, income beats expense, any day of the week. Just don’t be a professional student . . .

]]> By: Emily http://moneyning.com/debt/good-debt-and-bad-debt/comment-page-1/#comment-16615 Emily Sun, 14 Jun 2009 16:19:02 +0000 http://moneyning.com/?p=3077#comment-16615 When people buy a house, a funny thing happens in that they try to buy the biggest house they can afford. How about just buying a house that they need and not having to work extra hours for the next 30 years? Good point and reminder! When people buy a house, a funny thing happens in that they try to buy the biggest house they can afford. How about just buying a house that they need and not having to work extra hours for the next 30 years?

Good point and reminder!

]]> By: liz http://moneyning.com/debt/good-debt-and-bad-debt/comment-page-1/#comment-16614 liz Sun, 14 Jun 2009 15:58:28 +0000 http://moneyning.com/?p=3077#comment-16614 As usual you're right on the money. The entire world has been affected by the current economic meltdown but unlike the USA, many people in Europe and S. America own their homes free and clear and despite their higher unemployment rates, they're in better shape to weather the storm. You can scale back on restaurants and entertainment but everyone needs a roof. (I have friends and relatives in both continents so I speak from real life experience not CNN or Fox news). As usual you’re right on the money. The entire world has been affected by the current economic meltdown but unlike the USA, many people in Europe and S. America own their homes free and clear and despite their higher unemployment rates, they’re in better shape to weather the storm. You can scale back on restaurants and entertainment but everyone needs a roof. (I have friends and relatives in both continents so I speak from real life experience not CNN or Fox news).

]]> By: Bible Money Matters http://moneyning.com/debt/good-debt-and-bad-debt/comment-page-1/#comment-16613 Bible Money Matters Sun, 14 Jun 2009 15:32:16 +0000 http://moneyning.com/?p=3077#comment-16613 Thanks for the link - and for the reminder.. debt is debt is debt. Thanks for the link – and for the reminder.. debt is debt is debt.

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