![Good vs. bad debt: How to spot the difference 💸 #shorts](https://iml-jp.com/wp-content/uploads/2024/05/a336c72044a96c6e89ad3fd56a363f32.jpg)
Good debt adds to your net worth, while bad debt will take away, according to Maconomics CEO Ross Mac, who joined Yahoo Finance Live on April 9, 2024.
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Mortgage Loans at high interest rates is a bad Debt 😄
Good and bad debts are subjective. It’s how they’re used that determines if they’re good or bad debts.