Debt often gets a bad reputation, but not all debt is created equal. Some types of borrowing can help you build wealth, achieve long-term goals, or increase your earning potential. Other types, though, can strain your finances and make it harder to get ahead. Understanding the distinction between good debt vs. bad debt is crucial for borrowing strategically. Understanding how each works and how to manage them responsibly can help you make more informed financial decisions and stay on track toward your goa ...