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Article: The pros and cons of debt. (Finance).
- Article from:
- Jet
- Article date:
- November 18, 2002
CopyrightCOPYRIGHT 2002 Johnson Publishing Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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If every dark cloud has a silver lining, then the same thing can be said for debt.
Debt is something that is very hard to avoid in this day and age. No matter how much money you have you'll more than likely have some debt in your life, so why not make it work for--and not against you? If you learn to use debt as a commodity, then it can be made to work for you if you know how to use it.
Debt can be good or bad, so it can be somewhat of a double-edged sword. The challenge is learning how to judge which debt makes sense and which does not, and then wisely managing the money you do borrow. Avoiding debt isn't always smart because it could mean cleaning out ...