• The post you are reporting:
   
  It that right, Howard?
  
  I have to disagree.
  
  There is 'good debt' and 'bad debt'.
  
  You can borrow as an investment and that is 'good debt'. That includes the purchase of a home, the setting up of a business or for training or education.
  
  Bad debt for instance is where you borrow to buy the latest electronic wizardry or to cover living costs.
  
  It is important to teach children the difference and to be responsible about borrowing, not to avoid it.

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