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re: The Percentage of Americans With Less Than $1,000 in Savings Is Shocking
Posted on 12/20/19 at 9:32 am to Tchefuncte Tiger
Posted on 12/20/19 at 9:32 am to Tchefuncte Tiger
quote:
Once you use your credit to buy an asset, you owe money to an outside party that you must repay,
This is called debt.
quote:
Your car loan is a liability, as is your mortgage, student loan debt, and credit card balances.
Again, this is debt. Debt is a liability.
The ability to get debt is not a liability. It is a very useful tool.
1
Posted on 12/20/19 at 9:36 am to PhiTiger1764
quote:
The ability to get debt is not a liability. It is a very useful tool.
I understand your point.
This post was edited on 12/20/19 at 9:37 am
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