Not all debt is created equal. There’s good debt, which can help you build wealth, like a mortgage or student loans. Then there’s bad debt, like high-interest credit cards, that only drag you down. The key is to use debt wisely. If you're going into debt, make sure it's for something that has long-term benefits. Avoid high-interest debt unless absolutely necessary, and always have a plan to pay it off. Manage your debt smartly, and it won’t manage you.
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