Can debt make your rich? I Debt Review I Good vs Bad Debt I Debt Payoff Strategy

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What is considered as good debt? Is buying clothes with a clothing account a good debt?

The covid-19 pandemic led to a lot of job losses and many people failed to pay off their debt, that drew a lot of attention to the topic of debt and whether it was really beneficial to ones livelihood.

Debt can negatively impact your credit score and this can ruin your chances of qualifying for any credit going forward but at the same time if used well, can help you to buy assets that will increase your source of income.

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Shot and edited- EasyShots & Straightcap Media
Management- Manana Molokomme (Manana.Molokomme@icloud.com

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New videos every second week to help you to sharpen your financial literacy. Feel free to leave a comment about your personal financial journey.

Comments

Thato Mphuthi says:

I've heard stories about how bad debt reviewers sometimes trick people, so how does one identify a solid reviewer?

Thato Mphuthi says:

I love the table idea I'm sharing it with someone who's struggling with debt.

Ntombizodwa Confidence says:

I used to have a bank overdraft and every time my salary came I was already on a negative and that was a huge wake up call. I’m glad I’ve settled it now

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