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Old 08-30-2011, 01:06 PM   #18
edn88
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Definitely debt. But probably the kind that one would consider 'good' debt. And to me good debt is something that enables you to save money. For example - 3% on $200k loan on a $300k home to avoid rent payment = good debt.

Bad debt = $24% to finance keeping up with the Joneses

Really bad debt = 10% per day to Kneecapper Bob
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