PIIC Services
Real estate and finance consultancy
23/04/2022
As an investor, you must become very comfortable with debt. Not all debts are bad as we are made to believe. Let's address the difference between the two types of debt and how you can navigate from bad debt to good debt.
Good Debt is borrowing money to finance something that produces cash flow or is projected to increase in value which you will use to offset the debt in the long run E.g Real estate assets, stocks, operating business e.t.c
Bad Debt is borrowing money to finance something that doesn't produce cash flow returns, costs money to maintain and depreciates over time. E.g Cars, Clothing or material things.
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Happy Sunday Piic Family. Have an amazing day!. We love you💙🤗
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