What Is Good Debt And Bad Debt And How To Manage It
Being able to borrow too much allowed many of us to make bad decisions - decisions that led to painful consequences. While debt can help us build assets and achieve dreams, it is also true that debt can lead into a maze that is extremely difficult to unravel. Sudipto Dasgupta is confused. He borrowed money from the bank for a home loan and also some more money as a personal loan to buy a home theatre system to enjoy the music that he loves. His financial advisor tells him that while a home loan is "good debt", acquiring a home theatre system worth Rs 1 lac is bad debt.







