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What are some of the biggest mistakes people make when it comes to paying off their debts?

Not all debt is the devil. There are actually three kinds of debt: “dumb”; “okay”; and “great” debt. To categorise them, you need to ask two questions. One: Will the purchase increase in value? Two: Is the interest tax deductible? Dumb debt answers “no” to both. These assets fall in value and the interest is […]