This is a guest post by Echo Mayernik. Are you looking for a plan to become debt-free by 2023? If so, you’re in the right place! Let’s first break down what it means to become debt-free. Between isolating debts and collections and looking at the interest rates of your payments, becoming debt-free requires creating a […]
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In finance there is both bad debt and good debt. Bad debt is owing money on depreciating assets that have fixed payments and go down in value. Good debt is owning an asset by using debt that goes up in value and/or creates positive cash flow above the debt payment and expenses. All debt comes
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What is the current national debt? The current national debt in June 2021 for the United States is approximately $28.4 trillion U.S. dollars. This is more than $3.2 trillion from a year ago, when it was approximately $24.9 trillion U.S. dollars. This debt increases the amount of U.S. dollars in circulation and can cause inflation
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