Sentences with phrase «deemed good debt»

Installment debt is usually deemed good debt because it often leads to the purchase of a necessary, valuable item and it is relatively stable.

Yes, credit cards are generally considered bad debt, but student loans are an investment in your future earnings potential and is deemed good debt.

Not exact matches

While mortgages are often deemed a «good» debt and even an «investment,» that doesn't necessarily mean you want to hold onto your mortgage forever.

Also, built a contingency fund by investing in good debt fund by investing 10 percent (or any percentage you deem good enough) of your monthly income so that you have access to a financial reserve, whenever the need arises.

The only sort of debt that Ramsey deems appropriate is a home mortgage — and even then, he only considers a 15 - year fixed - rate mortgage a good deal and rails against 30 - year mortgages.