Good Debt vs Bad Debt: Is It Really That Simple?
Borrow money for an asset, that’s good debt. Borrow money for a holiday, that’s bad debt. It sounds simple, but is personal finance ever actually that black and white?
Rajen Devadason, CEO of RD WealthCreation and Licensed Financial Planner with Manulife Investment Management (Malaysia), joins Ringgit and Sense to explain why the line between good and bad debt isn't as clear as we think.
He breaks down the one metric that actually matters and why even solid investments can turn sour. Plus, we look at the psychology of stretching for things we can't afford, and why paying off your home…
The skinny
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