OUT WITH THE BAD AND IN WITH THE GOOD
In the last decade, household debt has decelerated quite significantly — down from an average rate of 10% each year in the early 2000s to just 2% at the end of 2015.[1] As a nation, it seems we’ve become far more conscious about our spending and borrowing habits since the Global Financial Crisis. Cutting back on unnecessary debt is a good thing. But ‘good’ debt can be an excellent tool for building wealth and a financially secure future. Let’s look at how to avoid the bad stu