{"id":552,"date":"2011-02-04T10:08:30","date_gmt":"2011-02-04T15:08:30","guid":{"rendered":"http:\/\/www.myfinancialfocus.net\/mainsite\/?p=552"},"modified":"2025-08-24T06:39:07","modified_gmt":"2025-08-24T10:39:07","slug":"good-debt-vs-bad-debt","status":"publish","type":"post","link":"https:\/\/www.myfinancialfocus.net\/mainsite\/index.php\/good-debt-vs-bad-debt\/","title":{"rendered":"Good Debt vs. Bad Debt"},"content":{"rendered":"<p>Is there really a difference? \u00a0Debt is debt! \u00a0Most people do not see it like that and refer to non-mortgage debt as bad debt. \u00a0They believe that having a mortgage is good debt and it is ok to have that kind of debt load. \u00a0Some will even lump in vehicle debt as being OK too. \u00a0Not me.<\/p>\n<p>Yes, I will agree that most people are going into debt to purchase a house. \u00a0That is a given. \u00a0However, many buy the wrong house because they can borrow money to do it. \u00a0To some degree, that has had an affect on our current economic state.<\/p>\n<p>Whether it is a bigger house because we can afford the payment, borrowing to make an investment, or just keeping up with the Jones &#8211; mortgage debt should not be considered good debt. \u00a0No debt is good debt.<\/p>\n<p>Regardless, carrying a mortgage is no fun. \u00a0You should strive to pay that thing off as fast you can. \u00a0When you do, then you can truly say you are a &#8220;homeowner&#8221; and potentially be debt free!!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Is there really a difference? \u00a0Debt is debt! \u00a0Most people do not see it like that and refer to non-mortgage debt as bad debt. \u00a0They believe that having a mortgage is good debt and it is ok to have that kind of debt load. \u00a0Some will even lump in vehicle debt as being OK too. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-552","post","type-post","status-publish","format-standard","hentry","category-debt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Good Debt vs. Bad Debt - Financial Focus<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.myfinancialfocus.net\/mainsite\/index.php\/good-debt-vs-bad-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Good Debt vs. Bad Debt - Financial Focus\" \/>\n<meta property=\"og:description\" content=\"Is there really a difference? \u00a0Debt is debt! \u00a0Most people do not see it like that and refer to non-mortgage debt as bad debt. \u00a0They believe that having a mortgage is good debt and it is ok to have that kind of debt load. \u00a0Some will even lump in vehicle debt as being OK too. 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