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In this video, we explore why debt can be good when used wisely. Debt is money borrowed with the promise to repay it with interest. While bad debt like high-interest credit card debt and payday loans can create financial problems, good debt such as business loans and certain student loans can help generate additional cash flow and drive growth. Effective debt management and preparation for emergencies are key to leveraging debt for financial success.
#debtmanagement #businessloans