Ranking The Best Passive Income Investments helps you strategize on developing retirement income. Over the years, the rankings have changed because economic situations have changed.
In this post, I thought it would be a good idea to rank the best and worst types of debt as well.
When used appropriately, debt can help provide for a better life and make us wealthier. When used inappropriately, however, debt can destroy our lives.
The key is to always use debt in a way that positively helps get us to our financial goals in an as risk-appropriate manner as possible. In this incredibly low interest rate environment, the use of debt is going to increase.
Therefore, I think it’s important to come up with a framework for ranking debt today. We must be careful with our debt usage, especially during this time of uncertainty.