what is an example of good debt? your $2000 p...
what is an example of good debt? your $2000 per month mortgage payment. your $400 per month car payment. none of these your $25k in credit card debt
Answer
# Brief Explanations:
Good debt is typically debt that is used to purchase an asset that has the potential to increase in value or generate income over time. A mortgage is often considered good debt as real - estate generally appreciates. A car usually depreciates and credit - card debt is often for non - asset purchases and can have high interest rates.
# Answer:
Your $2000 per month mortgage payment.